Mr. Ludington: The closest focus has been on casual dining. I think that has the best opportunity for improvement in the coming months and quarters. We keep an eye on the entire space absolutely, but if you are looking for the opportunities, especially after the recent pullback we had, I think casual dining presents some of the best opportunities.
TWST: What is it about the casual dining space that you like now?
Mr. Ludington: I believe that you are getting some people starting to trend back in the casual dining. There was a lot of pullback from that space over the last 18 months or so. Unemployment is still very high, and we would like to see some hiring pick up to feel more bullish on the space as a whole. However, we believe there are better opportunities in the casual dining segment, as consumers that are still employed have been saving money over the past 18 months and are likely to start to spend some if they can once again feel like they have some level of job security. At that point, I think you will see many of these consumers trend back into full-service restaurants.
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