Darden Notes

Darden’s board is so desperate that it wants us to believe the company is on a slippery slope, which is also known as a logical fallacy.

“There’s a crack in everything that’s how the light gets in.”

he sun is beginning to set in Orlando and it’s becoming increasingly difficult for management to distinguish between dog and wolf.

Some thought for Darden’s independent Directors.

Management’s strategic plan could do more harm than good. 

JPM did not split the COB and CEO roles last May but DRI needs to think differently

If you are a current shareholder of DRI, do you have the confidence that the current management team can and will make the right decisions?

Discounting is a drug not a solution to a problem.

The CEO took his best shot at fixing the company and fell short. Will Starboard come to the rescue?

Takeaway: We continue to believe there is significant upside in DRI. The main question is: Who will unlock the potential?