RBBN is a bad investment; despite rising from $2.50 to $8 on a bailout loan, it has poor financials and toxic lease liabilities in dead malls.
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Uh but so has Red Robin. Red Robin is a big bad wolf blow away from bankruptcy. The financials are utter trash. The worst financials I think out there in the food industry. and it's gone from like $2.50 thanks to a bailout loan to like $8. That doesn't make it a good play.
And that's unfortunately what happens with with short-term investing is uh there is a lot of enthusiasm around oh well Red Robin Gourmet Burgers went from $2 to $8. This must be a fundamentally good buy.
This is great. No, it's a low liquidity trash stock. Look at the financials. Study the financials. There's not even hope. They are mostly exposed to leased properties in dead malls and they can't get out of them.
If somebody bought the company, they would be sandbagged with all the leases. They'd have to go bankrupt on the company and then every shareholder is going to sue them for going bankrupt.
It's almost like I almost wanted to acquire this when it was $40 million. And then I'm like, nah, dude. I ain't getting into that toxic crap hole. That'd be crazy.
What this channel has said about $RBBN
Meet Kevin has only this one call on this stock.