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Cramer on BloggingStocks: Restaurant shake-up eill favor nimble players

 Aug 14, 2008 09:41 AM UTC
Return Risk
+2.37% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
CVS Positive 08/14/08 -17.30% --
CC Positive 08/14/08 n/a --
X Positive 08/14/08 -69.27% --
BBY Positive 08/14/08 +0.37% 09/02/08
MCD Positive 08/14/08 -15.83% 03/09/09
DRI Positive 08/14/08 +2.51% 03/18/09
YUM Positive 08/14/08 -10.24% 05/15/09
WAG Positive 08/14/08 +7.47% --
RAD Positive 08/14/08 +1.54% --
LDG Positive 08/14/08 n/a --
PNRA Positive 08/14/08 -3.01% 05/15/09

Graphic_arrow1 Via BloggingStocks:  

Filed under: Industry, Market matters, McDonald's (MCD), Walgreen Co (WAG), Best Buy (BBY), Circuit City Stores (CC), CVS Corp (CVS), Darden Restaurants (DRI), Yum Brands (YUM), U.S. Steel (X), Stocks to Buy, Rite Aid Corp (RAD), Cramer on BloggingStocks

TheStreet.com's Jim Cramer says that as consumers try to stretch their dining dollar, Darden, Yum! and McDonald's will benefit.

We all know we are overstored in this country and over-restauranted. There are tons of players -- so many that the competition got too hard. Now they collapse. That Uno might miss a payment, that Bennigan's and Steak & Ale are going away, that Bakers Square and Village Inn have filed for bankruptcy: All say the industry is in big trouble.

But ask yourself, if you are Darden (NYSE: DRI) (Cramer's Take), do you think this is a good or bad development? If you are Yum! Brands (NYSE: YUM) (Cramer's Take), do you think that this, at last, is your time? How about McDonald's (NYSE: MCD) (Cramer's Take)? Room to go more upscale, perhaps?

We read all of these horrible articles every day about restaurants, and yet we see that the stocks of Yum! and Darden hang in great, particularly the first, which gave hideous guidance and yet is now higher than it was before it told people commodity costs were hurting it. McDonald's? How many stocks just hit their 52-week high?

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sandiahead   81%     1 point   commented 369 days ago reply

Darden is the high end of the low end. Put your money in Dennys during these crappy economic times.

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