Of course I can't show this without mentioning one of my long term shorts. It's the only consumer play in the food and services industry that I hold. A better entry point to get short would be near $30 and best being $32.50 if it gets there. Right now it's at $26.22 and if it loses 25.75 on a close that would setup a move to $23.50'ish. Not sure I'd be wanting to chase right here unless we lose 800 on the S&P.
Darden Restaurants, Inc. (Darden) operates in the full-service dining segment of the restaurant industry, primarily in the United States. As of May 25, 2008, the Company operated, through its subsidiaries, 1,702 restaurants in the United States and Canada. In the United States, it operated 1,667 restaurants in 49 states (the exception being Alaska), including 651 Red Lobster, 647 Olive Garden, 305 LongHorn Steakhouse, 32 The Capital Grille, 23 Bahama Breeze and seven Seasons 52 restaurants, and two specialty restaurants: Hemenway’s Seafood Grille & Oyster Bar and The Old Grist Mill Tavern.
