Ruby Tuesday May Be An Attractive Turnaround Play

It is safe to say that Ruby Tuesday, Inc. (NYSE:RT) has disappointed so far this year. To date, the stock is down 3.5%, 23% from its 52-week high and underperforming the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) by nearly 30%. Moreover, the company has not been profitable for the last two years. Nonetheless, I believe that Ruby looks to be a perfect turn-around play. Ruby Tuesday’s losses going down Firstly, Ruby Tuesday, Inc. (NYSE:RT)’s losses during the past two years have been down to several non-cash goodwill impairment charges, as the company has taken write-downs on several acquisitions it has made over…