NEW YORK ( TheStreet) - Casual-dining restaurant chain Ruby Tuesday (RT) issued a press release last week meant to show investors that the company is taking steps to turn itself around, but what it told me is that the road to recovery may be a long one.Coming on the heels of worse-than-expected results for its fiscal first quarter and then the sudden resignations of the company's chairman and a key vice president, plus a downgrade of its debt by Moody's deeper into junk territory, the press release gave more details about the cost-cutting initiatives Ruby Tuesday is undertaking in attempts to right its ship.
Good-Bye Ruby Tuesday?
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