Darden Restaurants is selling Red Lobster -- and investors aren't buying it.
Today on Investor Beat, Chris Hill and Motley Fool analyst Ron Gross explore Darden's recent decision to sell Red Lobster to a private equity firm for $2.1 billion dollars. Chris offers that Darden wanted to spin-off Red Lobster back in December to push up the stock price, yet Darden's stock fell today. Ron explains that investors had hoped for more from a deal, and see the dip in stock price as confirmation of unrealized hopes.
