Ruby Tuesday May Be An Attractive Turnaround Play

Rupert Hargreaves

Published onSeptember 28, 2013

Updated on May 13, 2021

It is safe to say that Ruby Tuesday, Inc. (NYSE:RT) has disappointed so far this year. To date, the stock is down 3.5%, 23% from its 52-week high and underperforming the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) by nearly 30%. Moreover, the company has not been profitable for the last two years. Nonetheless, I believe that Ruby looks to be a perfect turn-around play.

Table of Contents

Ruby Tuesday’s losses going down

Firstly, Ruby Tuesday, Inc. (NYSE:RT)'s losses during the past two years have been down to several non-cash goodwill impairment charges, as the company has taken write-downs...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Ruby Tuesday May Be An Attractive Turnaround Play

Ruby Tuesday’s losses going down

Login required to continue reading.

Get Your Business News