Diamond in the Rough Stock Tip (LUB)
Unless you live in Texas, chances are you’ve never heard of Luby’s Inc (LUB). This company has 128 restaurants, most of them in Texas, but some in four nearby states. They provide customers with cafeteria-style dining that is very popular among many ages and ethnicities, not the least of which is the baby boomer generation. This generation is retiring en masse as we speak. They are only going to have more time on their hands and more cravings for yummy cafeteria food. Luby’s menu is comprised mostly of home-style food: Salisbury steak, chicken fried chicken, liver and onions… you get the picture. Read the rest of this entry »