Chain Restaurants 6

Morton's Sells Out....again

steakman55 | Dec 20, 201107:53 PM

Morton's as a chain has gone public/private about three times in the last ten years. Now it is selling itself again to Landry's chain. Price for this gem, about $116 million. I don't understand why a chain that sells its basic strip for $57 and a baked potato for $11 can't make money. Maybe because it charges way too much for wet aged beef unless you are on a corporate platinum card.

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