Look at comp sales reported today. Down 12% off of soft sales last year.

New CEO tells in his press release that it will take a number of quarters for his new strategy to work - but he's implementing in a period of very poor sales. Higher costs and lower sales - just what investors are looking for. Part of his new strategy is to make the restaurants more of a Japanese dining experience. Even Rocky Aoki thought that was a bad idea and essentially had grilled steaks with a Japanese flair. So, OK that's the strategy. Why hire an American guy from COSI to oversee the restaurants which have managers and chefs with a largely Japanese background. The Japanese managers and chefs must be plenty pissed. Is Benihana telling us that they don't have any Japanese talent internally to promote. Or has Stockinger just not bothered to evaluate existing talent? The president was made Chief administrative officer meaning the president of the company now is in charge of paper clips. Great!
Time to do some research into Stockinger's background.

Now look at the composition of the board. Levan and Abdo, who have sucked cash out of every failed company they controlled are now in control of BNHN.

This is not looking very good, folks.