tyb
>unable to compete in a global economy,
they are rapidly reaching that point with or without a deal. The printing will get progressively worse and worse and will continue agreement or not.
Dealing with decisions taken decades ago, trade deal, favorable or not will not change that part of it.
>"ingenious"
>way to halt redemptions without actually imposing gates: it marked down the balance of its holdings "to remove incentives for investors to pull even more."
translation: mark-to-model is what they haave always had. That is where they produce internal docs that say things are valued at whatever they want, get an acctg firm to 'bless' them and it's on the books at some fantasy valuation.
Now they are marking them down using mark-to-market where actual real prices are being utilized.
Or they are writing down internal mark-to-model-no way of knowing really unless you are on the inside and review docs. Showing the investors who are scrambling to pull money out that they were lying.
Cue the lawsuits in 3…2…
Darden Restaurants EVP/COO sold $8.60m in shares-June 24
Darden Restaurants specializes in owning and operating restaurants.
As of 27/05/2018, the group had 1,746 owned restaurants (of which 1,740 in the United States and 6 in Canada) and 71 franchised restaurants, distributed by name between Olive Garden (890, including 6 in Canada) , LongHorn Steakhouse (524), Cheddar's Scratch Kitchen (170), Yard House (72), The Capital Grille (60), Seasons 52 (42), Bahama Breeze (40) and Eddie V's (19).
Number of employees : 180 000 people.
https://www.marketscreener.com/DARDEN-RESTAURANTS-INC-12355/company/
Darden Restaurants, Inc. (DRI)
120.20 -3.10 (-2.52%)
As of 3:04PM EDT. Market open.
Analysts lowered Darden Restaurants’ (DRI) target price due to weak fourth-quarter sales and a lower-than-expected EPS guidance for fiscal 2020. J.P. Morgan reduced Darden’s target price from $123 to $122. Morgan Stanley cut its target price from $121 to $120. Wedbush lowered its target price from $130 to $125. However, Piper Jaffray raised its target price from $124 to $125.
https://marketrealist.com/2019/06/how-did-analysts-react-to-dardens-q4-earnings/
https://www.secform4.com/insider-trading/940944.htm