Del Frisco's Looks Overdone

Last night, the steak chain Del Frisco's Restaurant Group (DFRG) reported earnings of $0.20 per share, slightly better than the expected $0.19. After that better-than-expected report, Del Frisco's announced that it filed a registration statement with the Securities and Exchange Commission in connection with a proposed secondary public offering of 5 million shares.

That announcement was not surprising, given the company's IPO almost a year ago, though I have to admit I am rather surprised by the company's ability to deliver better-than-expected results, given the economic landscape....415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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