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Thai connection to Red Lobster bankruptcy. (USA)

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  • Author
Just now, Celsius said:

funny article

 

I'd have gone with "sad".  All those people losing their careers... 

 

Not to mention, missing the unlimited shrimp deal (though I haven't been to a Red Lobster in eons).

 

It seems like (Amercian) business as usual to me.

Lots of people and companies promise things and later do something different. That is just part of life.

  • Author
3 minutes ago, OneMoreFarang said:

It seems like (Amercian) business as usual to me.

Lots of people and companies promise things and later do something different. That is just part of life.

 

Good data point for anyone into shorting stocks...

 

Full disclosure:  That's not investment advice.  I don't have the cajones (nor the FU money) to short stocks.  I'm also an idiot in that realm.

 

From the link/article: "Thai Union announced in January it was divesting from Red Lobster and taking a $530 million loss on its investment."

 

I earlier read that Thai Union took the hit on Red Lobster in their 31.12.23 financials with a full write-down, so the Red Lobster foray is already fully reflected in the TU stock price, i.e., it's not breaking news and little risk of a defamation case (to ease the OP's concerns).

Ate at RL once, and was enough, eons ago, and as much as butter can enhance food, eating a stick with your seafood meal, certain doesn't do much.  You need decent seafood to start with, as butter shouldn't be the main ingredient.

 

Can't believe they've lasted as long as they have.

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