Hedge funds, Red Lobster, and uncontrolled free market

[landscraper]

We have a coonass restaurant here in TN and they get it flown in every other day

Tell me more...

I used to buy from Gulf Pride in Franklin. They had (have?) a fleet of Rangers with reefer boxes that were driving back and forth to the gulf daily. Their store closed, but I think they're still in the restaurant supply biz somewhere around Nashville.

 

[Chevy_man]

You're right, it's not the location. It's the freezing. The places I get seafood have the boats come up to the dock and off load into the kitchen. If it hits a freezer before they reheat it, I'm not eating it.

How do the boats keep the fish fresh? I thought they packed everything with ice?

 

[rockmup]

Tell me more...

I used to buy from Gulf Pride in Franklin. They had (have?) a fleet of Rangers with reefer boxes that were driving back and forth to the gulf daily. Their store closed, but I think they're still in the restaurant supply biz somewhere around Nashville.

That’s all I know.
The place is on 321 in Wears Valley, legit gumbo which doesn’t happen often
I’ll get the name of it in a few

 

[Jphillips]

The private equity fund that bought Red Lobster in 2014 sold off all of the property assets and leased them back to Red Lobster at above market prices. Then Covid and a bad supply deal exacerbated already high operating costs. The hedge funds will continue to do this until there is only Taco Bell left.

 

[landscraper]

That’s all I know.
The place is on 321 in Wears Valley, legit gumbo which doesn’t happen often
I’ll get the name of it in a few

That's a bit too far to run for seafood. There was a coonass place in southern mid TN before covid, but I don't think it survived. Was hoping those were the folks you were talking about.

 

[Mikel]

The hedge funds will continue to do this until there is only Taco Bell left.

The winner of the franchise wars

 

[Filthy McChevy]

The hedge funds will continue to do this until there is only Taco Bell left.

Right.
You're echoing Page 1


\/ \/

I've seen this movie. Pretty sure it ends with Taco Bell as the only remaining eating establishment.

 

[Wheelerfreak]

How do the boats keep the fish fresh? I thought they packed everything with ice?

I thought most of the fish caught any distance off shore were packed in ice or in freezers

 

[45acp]

Packed in ice, yes... but they don't freeze.

 

[Filthy McChevy]

Packed in ice, yes... but they don't freeze.

I like frozen Fish Filets. Fightme.

 

[JR4X]

The hedge funds will continue to do this until there is only Taco Bell left.

Not Taco Bell, it’ll be Starbucks there Frito

 

[rockmup]

That's a bit too far to run for seafood. There was a coonass place in southern mid TN before covid, but I don't think it survived. Was hoping those were the folks you were talking about.

They don't sell wholesale. Just a restaurant. They did say they get bags of live crawfish in season though.

 

[Alpine4x4]

I can't imagine buying seafood anywhere but on the coast

Imagine being a seafood snob when you're talking about warm water seafood Cold water seafood ftw.

 

[bigun]

Try buying fresh sea food in the middle of the desert

 

[rockmup]

Imagine being a seafood snob when you're talking about warm water seafood Cold water seafood ftw.

Crawfish also live in cold water. I just caught some Tuesday.
Donner lake also has some of the biggest crawfish I've ever had and they are blue

 

[Halffastford]

How do the boats keep the fish fresh? I thought they packed everything with ice?

Big coolers. Way different than flash freezing. Shellfish on the Shore are in bushel baskets with ice tossed in. nothing is frozen before it hits the stove.

 

[Scooter]

How does that work? Back two trucks ass to ass and transfer the load at some rest stop on I84

Yep. I forget where the meet is, but along those lines. Every day 365 a year.

 

[det107]

Local Red Lobster restaurants to close. Recent article reads 11, can't find it. A wee bit older article-

Iconic Restaurant Closes Dozens of Locations, 10 in New York

The giant seafood chain restaurant Red Lobster has abruptly closed 80 restaurants across the country including 10 locations in New York and two in the Hudson Valley.

hudsonvalleycountry.com