Ruby Tuesday: Valuable Property Portfolio, Strong Cash Machine

Back at the end of September I made a call on Ruby Tuesday, Inc. (NYSE:RT) stating that the value on offer and the company’s cash generation more than offset recent poor performance. However, after releasing a dire set of fiscal first quarter results last week, does the stock still look attractive? Ruby Tuesday stock Well firstly, Ruby Tuesday, Inc. (NYSE:RT) still trades at a discount to book value and after recent declines this discount looks even more attractive. Based on numbers within the recent fiscal first quarter earnings report, Ruby has a book value per share of $8.11, or 33% away…