Did We All Miss the Bottom in Restaurant Stocks?

Did We All Miss the Bottom in Restaurant Stocks?

Everyone else might be fretting about the dark clouds that hang over the restaurant industry because of the recession, but Landry’s Restaurants boss Tilman Fertitta sees blue skies ahead. His latest move: buying nine percent of seafood segment rival McCormick & Schmick’s at bargain-basement prices. He’s now McCormick & Schmick’s biggest shareholder, owning nine times more stock than company chairman and co-founder Doug Schmick. We’re glad to see the ever-active Fertitta stirring thing

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