The Rising Influence of Rising Affluence

[DewDiligence]

Spinoffs have been hot lately, but Red Lobster is one I would definitely avoid:

http://online.wsj.com/news/articles/SB10001424052702304773104579267893005958088

Darden Restaurants Inc. said it plans to separate its struggling Red Lobster chain from the rest of its business, but the move failed to satisfy an activist investor that has been pushing a broader breakup of the restaurant conglomerate.

The separation of Red Lobster, which has 705 restaurants in the U.S. and Canada and accounts for about 30% of Darden's sales, will likely occur through a tax-free spinoff, though a sale is also possible…