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Deadly Sin: Gluttony
Stock #7: Morton’s Restaurant Group (MRT)
Over the last decade, most of us have been gluttons at one point or another. Nothing says gluttony like a nice juicy steak.
And in this country, that means a very big juicy steak.At high-end steakhouse Morton’s (MRT), that gluttony takes the form of complete
and utter excess. The high rollers of the world love to show off their clients and friends at this upscale restaurant, but those
days appear to be over.Perhaps the good Lord is sending us a message regarding this deadly sin. We are paying the price today with a weak economy and
collapse of upscale fine dining. MRT’s stock has been in a freefall as a result.I rate MRT a sell.
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