Howard – SBUX - As I said in my most recent SBUX post, I see fundamental support at $7-$8 and that has not changed. I would include SBUX as a stock to benefit from the same trends I laid out in the Casual Dining post over the weekend
Keith - WEN - if WEN can hold 3.48, it’s a buy
Howard - WEN - I have a positive bias to WEN and a meeting with new CEO in two weeks.
Keith – EAT - EAT really needs to hold 5.68, or the retest of the 3 handle cometh
Howard – EAT – As I said last time, EAT is the poster child for the destruction in Casual Dining. Management is doing everything they can do to offset the macro, including a liquidity event. Three of the Chili’s competitors in the bar and grill segment are in serious trouble – Applebee’s, O’Charlie’s and Ruby Tuesday’s, which should be a net positive as we look toward 2009.