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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Blue Lobster

Blue Lobster

Scheduled Pinned Locked Moved General Discussion
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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #1

    Red Lobster considering bankruptcy...

    https://www.foxbusiness.com/markets/red-lobster-considering-bankruptcy-filing-report

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    1 Reply Last reply
    • Doctor PhibesD Offline
      Doctor PhibesD Offline
      Doctor Phibes
      wrote on last edited by
      #2

      We used to go to one when we lived in Ontario. Somewhat ironically, there aren't any in Massachusetts or Rhode Island, the home of the lobster. I could probably hazard a guess why this is.

      I was only joking

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      • MikM Away
        MikM Away
        Mik
        wrote on last edited by Mik
        #3

        the toll of fast casual. ugh.

        I had no idea it had been sold so many times. In my experience that seldom bodes well for quality.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

        George KG 1 Reply Last reply
        • MikM Mik

          the toll of fast casual. ugh.

          I had no idea it had been sold so many times. In my experience that seldom bodes well for quality.

          George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #4

          @Mik said in Blue Lobster:

          seldom bodes well for quality

          There's a couple within a 20 minute drive from me. I've never appreciated lobster, and I can't abide shrimp - bottom-dwelling sea roaches.

          However, Mrs. George enjoys, so we go have some lobster a couple of times a year. I have the Cajun Chicken Alfredo because it's not lobster or shrimp.

          One time, I made the mistake of ordering steak...oy vey.

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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          • AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote on last edited by
            #5

            Local grocers here offer to steam the lobsters for you when you buy whole, live lobsters from them. That's mostly how I get my lobsters these days, on the rare occasions when I get lobsters.

            During the pandemic, many restaurants were closed and there was excess lobsters the suppliers wanted to unload. So for a time lobsters were on deep discount at the grocers and I enjoyed many lobsters then.

            1 Reply Last reply
            • Doctor PhibesD Offline
              Doctor PhibesD Offline
              Doctor Phibes
              wrote on last edited by
              #6

              Rumour has it they used to serve prisoners lobster in Massachusetts because they were so plentiful.

              It's all about perception.

              I was only joking

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #7

                Have a friend that retired as a regional manager for Burger King. He was over a territory that included Louisiana, NE Texas, Arkansas and Oklahoma. He was quite proud of his stores...Their cleanliness, the quality of their fast food and especially proud that he beat McDonald's in sales in some districts within the region.

                He was well compensated, the company allowed him to pay his managers well (for the industry) and he did his best to make sure those managers hired the best people they could in the salary range the company allowed.

                And then...

                The company was sold. Then sold again. Ingredients cheapened. Less employees were allowed. Salaries atrophied. He did what he could, but you can't fix corporate. He was tickled to be able to retire when he did.

                Now, I don't think he'll even buy a hamburger from Burger King.

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                AxtremusA 1 Reply Last reply
                • JollyJ Jolly

                  Have a friend that retired as a regional manager for Burger King. He was over a territory that included Louisiana, NE Texas, Arkansas and Oklahoma. He was quite proud of his stores...Their cleanliness, the quality of their fast food and especially proud that he beat McDonald's in sales in some districts within the region.

                  He was well compensated, the company allowed him to pay his managers well (for the industry) and he did his best to make sure those managers hired the best people they could in the salary range the company allowed.

                  And then...

                  The company was sold. Then sold again. Ingredients cheapened. Less employees were allowed. Salaries atrophied. He did what he could, but you can't fix corporate. He was tickled to be able to retire when he did.

                  Now, I don't think he'll even buy a hamburger from Burger King.

                  AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #8

                  @Jolly

                  ... especially proud that he beat McDonald's in sales in some districts within the region.

                  But did he make a profit in those districts, did the profit margin beat McDonald's?

                  And then...

                  The company was sold. Then sold again. Ingredients cheapened. Less employees were allowed. Salaries atrophied.

                  As a private enterprise, "beating in sales" alone is not sustainable if you don't also at least break even. Chronic losses would lead to the company being sold, materials budget being reduced, and employees/compensation slahsed.

                  1 Reply Last reply
                  • MikM Away
                    MikM Away
                    Mik
                    wrote on last edited by
                    #9

                    That's one scenario. If a company is doing well but the VCs think they can squeeze more profits out of it by doing exactly what Jolly and I said it also becomes a target.

                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                    JollyJ 1 Reply Last reply
                    • MikM Mik

                      That's one scenario. If a company is doing well but the VCs think they can squeeze more profits out of it by doing exactly what Jolly and I said it also becomes a target.

                      JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote on last edited by
                      #10

                      @Mik said in Blue Lobster:

                      That's one scenario. If a company is doing well but the VCs think they can squeeze more profits out of it by doing exactly what Jolly and I said it also becomes a target.

                      You, sir, are right.

                      BTW, Chart House used to hold a national meeting for all regional managers. The top 20% received a substantial bonus. The middle 60% were told their performance was adequate, but do better. The bottom 20% were fired.

                      My friend always got his bonus.

                      “Cry havoc and let slip the DOGE of war!”

                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

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