TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, agrees, saying that "a change at the top would be very meaningful."
The stock could climb $5 per share if the company announced Otis's resignation, he said. Cramer doesn't agree with Darden's plan to spin off its Red Lobster restaurants but thinks a management change would be more effective.
Cramer acknowledged that Otis used to be a star, but "the times change." Comparable-store sales of -8% for Red Lobster and -5% for Olive Garden are "not tenable," Cramer concluded.
- - Written by Bret Kenwell in Petoskey, Mich.