Nov. 8 at 4:15 PM
$BLMN It is so sad what has become of this restaurant chain and particularly outback steakhouse. I remember in the early 80s when i used to travel extensively on my job, driving by outback steakhouse on any day of the week and seeing people lined out the door at 4 30PM. Yes, 4 30PM. I knew nothing about this restaurant but was impressed by lines out the door on a Monday, Tuesday, Wednesday, or Thursday at 4 30PM. I investigated and found outback was a publicly traded company. I knew i had to invest in this company given what i had observed. I bought thousands of shares at around 10-15 i believe. Eventually sold the stock in the 40s years ago and made a nice profit. What do i witness in outback today? Overpriced food.........lousy food........small portions......and lousy customer service. Longhorn eats outbacks lunch. However, i frequently partronize Carrabas. I do enjoy their Italion food although Oliver Garden is my preference.
