Let's see if that is the case. It appears like Benihana is having some problems as measured by lower than expected sales for the fiscal quarter ending 10/11/2009 and the removal of previous yearly guidance.

From the sound of it, I think this stock will be south of 3 at some point soon.

The silver lining is that it looks like the company is being proactive by bringing in a new person and giving him the COO title and giving the current COO the Chief Administrative Officer. Benihana has a great concept, in general, and tremendous franchise value. There are lots of folks out there who say, "I love Benihana!" so there is lots of potential here.

I just think the stock will be headed in a southwardly direction until it becomes a solid value play.