November 8, 2011 - By Tim - McCormick & Schmick's Seafood Restaurants, Inc. (MSSR) is getting bought out today by Landry's, just 12 hours after the company reported a huge earnings miss. McCormick & Schmick's Seafood Restaurants, Inc. (MSSR) missed earnings by $0.13 and suspended guidance last night. Something doesn't smell right here. I didn't see the stock trade last night but I feel they should have announced the deal at that point, not this morning.
McCormick & Schmick's Seafood Restaurants, Inc. (MSSR) stock is trading up 28% in pre market to $8.67.