10 Brand Names Gone, But Not Forgotten
Rustler Steak House
Once upon a time, going to a "steakhouse" didn't mean dropping a week's pay at Morton's (MRT) or The Palm. Middle America flocked to a variety of affordable, family steakhouses.
Bonanza, Ponderosa and Sizzler still dot the landscape and, for a time, Massachusetts' Hilltop Steak House had the distinction of being the nation's busiest restaurant.
Less durable among its peers was the Rustler Steak House, which thrived as an after-church, Little-League-victory, Uncle-Jim's-birthday-party kind of place for those in the Mid-Atlantic states.The beginning of the end for Rustler came when Marriott (MAR) bought its parent company, the Gino's fast-food restaurant chain, as part of a move to extend its Roy Rogers chain. That plan fell apart when Marriott re-sold the Gino's chain for $365 million to Hardee's which, in turn, sold off the properties to McDonald's (MCD), Wendy's (YUM) and Boston Market. The remaining Rustler steakhouses were sold off by the Marriott and, in 1985, Collins Foods, a subsequent owner, converted them into Sizzlers. A similar fate befell the family-friendly, cafeteria-style chain of York Steak Houses, many of which were found alongside shopping malls. Popular in the '70s and '80s, York was owned by General Mills (GIS), but most were shuttered by 1989. (The parent company also jettisoned other food chains, including Betty Crocker Tree House and Guadala Harry's, and spun off others such as Red Lobster and Olive Garden as Darden Restaurants (DRI) in 1995. Today only one York Steak House remains, near the Westland Mall in Columbus, Ohio.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV