Darden Clawing at Survival — to Spin off Red Lobster

Wayne Ellis

Darden Clawing at Survival — to Spin off Red Lobster (Dealbook.com)

Darden restaurants announced that it would be spinning off its original franchise, Red Lobster, in an attempt to bolster its share price. Currently, Darden management plans to divest itself of Red Lobster via a tax-free spinoff to investors; however, the Orlando, Fla.-based restaurant chain announced that it would consider a sale if the funds could be raised. The planned spinoff comes after months of pressure from shareholders and analysts about how the company intended to bring diners back to its casual dining facilities. In addition to spinning off Red Lobster, Darden plans on stopping expansion of its Olive Garden chain and slowing down openings of its LongHorn Steakhouse. According to Clarence Otis, Darden’s CEO, “These actions we’re taking are clearly exciting steps forward for Darden, and we believe these actions enhance our ability to create compelling value for our shareholders.”

Exclusive  Get in on the Booming Tech Industry with This Fund

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Blackberry announced that it has retained the services of one of Apple’s main suppliers, Foxconn.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader
LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader
LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group
LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor
LEARN MORE HERE