M & S folks know how to run a restaurant chain. Trace their history through ownerships - Private company (Bill McCormick and Doug Schmick), as an independent operating group of Avado Brands, sold to a NY investment group, and now, as a public company. They have made very few business mistakes. I was involved with their first east coast venture (Washington, D.C.), and got a healthy respect for their market research and location due diligence, their organization, quality control, training, and their food purchasing and menu saavy. (I am an architect) They also maintained strong community relations in each market. They should survive, and continue to grow.