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Roger Ebert on His Love for Steak 'n Shake
Looking at their balance sheet shows a lot. SnS has 60.3 million dollars in current assest but they have but they have 76.3 million in current liabilities. In todays economic climate, I just don't see any bank lending 16 million dollars to SnS. Hence they will have to start shutting down many of their stores and selling what they can. On there sales, SnS can expect to get a small percentage of their property plant and equipment booked amount. Hence the future does not look bright for steak and shake. Whether they will be able to reinvent themselves ala Hardees is unknown. But clearly this is not a company that I would be investing in. And for that matter I will not be eating there either as there are many superior places that actually know how to make a great hamburger and a rich thick and creamy milk shake
Roger Ebert on His Love for Steak 'n Shake
Let's get serious here. They don't have steaks and their shakes are terrible. The service sucks and they will likely be out of business in a couple of years. I'm sorry but after moving to the midwest and hearing so much about S & S, I have constantly been disappointed with them although I must admit that they have good fries
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Living in Indianapolis, I can tell you that 96th street steakburgers are not even the in the top 15 burgers of Indianapolis. I would go so far as to say that any list that includes 96th street steakburgers as one of the better burgers in america does not know much about burgers.