RUTH and MRT: Finally Participating
Yesterday, in the last half hour of trading, I made the case that Ruth's Chris (RUTH) and Morton's (MRT) had missed out of the run-up in restaurants because they cater to business travelers, not consumers. However, I thought a turn was coming.
Today, we see that turn. RUTH is up 34% and MRT is up 18%.
Please note that due to factors including low market capitalization and/or insufficient public float, we consider RUTH and MRT to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
Position: None.
Originally published in RealMoney.com on 4/24/2009 11:31 AM EDT
