RFG as a company will survive, no doubt. RFG as an investment may stagnate for the foreseeable future. Increased comp, margin squeenze due to inflation and consumers cutting back, lack of talent within the firm (the report boasted of being able to promote Matthew Marshall, who has no credentials whatsoever, and the "highly credentialed" Rob Shore, who again has not been credentialed at all).
The report also said of stable earnings base - sure, but the market does not want stable, it wants growth, and these guys just give giving each other performance bonus and shares whilst the company is going nowhere. And if you have invested in RFG three years ago or earlier, you're wiped out and there is no coming back for you. Newer guys still have a chance if George and the Board can seriously get to work. So far, it is been mediocre, not bad, but not good. The longer this drags on, the harder it is for RFG to compete - look around you when you go shopping, how many donuts stores have popped up? When rates go down, and when RFG can pay divident, maybe you will see an SP reversal. At the current rate, with more rate hikes expected, expect to see this in the 3c range.
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