|8673 || CCSC||01-Jan-2000 02:06 AM|
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|12640 || CCSC||24-Nov-2011 08:22 AM|
|12638 || CCSC||23-Nov-2011 11:58 PM|
Kirk.. Let's not forget that Bob is from China. He said that such issues are taken VERY seriously by regulatory authorities. I do not think it would be fair to say to the Chinese people that these sanitary issues are cultural. Maybe they are normal, but China is attempting to create a new normal.
Yes these things happen in the U.S.. But what happens when such practices are exposed? short-term its a problem. Would you eat at a restaurant chain if you found it was common practice to use the floor as a cutting board for your meat? Anyways.. you have to look at this from the consumers point of view. I think what is happening here is that Country Style Cooking (NYSE:CCSC) grew too fast and needs to take time to get a handle on controls. And yes, they are breaking the rules.
On a related note, i think that given the premium P/E of CCSC some downside risk exits. Not to mention that PRC economic risk is its own issue right now.
|12636 || CCSC||23-Nov-2011 11:13 PM|
thanks for the reply:
most restaurants in the US in general, are unsafe to eat at, and i cannot name ONE person that has not gotten sick at one time or another from bad food practices. eating out is for young people, with intact digestive systems that can handle all the bacteria loads you ingest, but for also all the butter, salt and oil they use!!
im sure you will post a video of some gross stuff, but i guarantee you, you could film those same images in any kitchen in the US i just think its a little inflammatory of an email and not sure the food practices are cultural, standard operating procedure in China, or illegal. of course investor sentiment has nothing to do with gastronomical reality.
using bare hands to process meat is perfectly acceptable if proper sanitary procedures are followed.
|12634 || CCSC||23-Nov-2011 11:00 PM|
Kirk, Hmm.. Not sure why the link did not work. Well these concerns have caused regulatory authorities to investigate all of ~ 50 Country Style Cooking (NYSE:CCSC) locations, so it is an issue at some level. Sure, these things happen in restaurants all over the globe. But all of the above incidents happened at one location... You really think scooping fish from the floor while a worker is sweeping the dirty floor is a non-event? Or mixing mounds of meat with bare hands is a non-event? Let's not forget about the mouse. Just because you worked at restaurants that have these issues does not make it any more comforting. And full disclosure, I worked at restaurants as a youngster in the kitchen and none of these issues were present. (Although I did find a bat in my kitchen sink last week).The severity of this story will depend on whether other locations will have similar issues.
We will have the video working Friday. Then you can be the judge as a consumer if you would think twice about eating at such an establishment. Short term, investors need to be aware of this event. Long-term will depend on how well the inspections proceed and how fast consumer confidence is reestablished.
|12633 || CCSC||23-Nov-2011 09:48 PM|
not really sure what that email was about this afternoon from geo about CCSC. I have worked in restaraunts all my life, and all (5) of the concerns listed are non-events, except for recycled oil from used foods; which is wierd. i did not look at the video as the link doesnt work for me, but the wording of email is suspect.