Companies mentioned in this report: Red Robin Gourmet Burger (RRGB), Brinker International (EAT), California Pizza Kitchen Inc. (CPKI), Denny's (DENN) and O'Charley's (CHUX).Red Robin Customer Traffic Falls SharplyRed Robin Gourmet Burger's (RRGB) customers moved to cheaper alternatives at an accelerating pace in 1Q09 -- a trend that we expected. We are maintaining our Sell recommendation.The family-friendly casual dining chain reported a 42% drop in EPS to $0.25 in 1Q09. Excluding $0.5 million to close unprofitable restaurants and $4 million to repurchase under-water stock options from its employees, EPS was unchanged from a year ago at $0.43.To stop customers from trading down to cheaper fast food alternatives, many casual dining chains are luring cash-strapped customers with promotions, a tactic Red Robin has avoided in favor of increased advertising. Three concepts of Brinker International (EAT) -- Chili's, ...

Liberator Medical Holdings Inc., a national provider of direct-to-consumer medical supplies to senior citizens eligible for Medicare, today announced its second-quarter financial results for the period ended March 31, 2009.

The company posted revenues of $5.83 million, up an astounding 309% from the $1.43 million reported for the first quarter of 2008. Liberator Medical attributes the increase primarily to its mail advertising campaign targeting new customers.

Gross profit for the quarter was $3.7 million, up 311% from the amount reported in the same period last year.

Liberator Medical’s net income for the second quarter of 2009 was $94,947, or $0.00 per share.

Mark Libratore, Liberator Medical’s CEO, said that while the second quarter is usually a tough one as customers hold off on orders to first meet their insurance deductibles, the company was able to counter the pullback.

“We are very pleased to announce another record quarter in revenue

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Intuit Inc. (INTU, Hold) issued its fiscal Q209 results yesterday after the bell. Although year-over-year comparisons were negative, both for revenue and EPS, the company beat both our and consensus expectations by a comfortable margin. Q3 and full-year guidance was also softened considerably, particularly at the bottom line, reflecting the management’s concern of the softening economic environment. Nevertheless, the stock traded up sharply after the market close yesterday and is up nearly 12% so far today.The tax preparation software maker’s EPS beat came mainly from tight cost control, although operating income as a percentage of revenues fell nearly 5.2% on a year-over-year basis. Part of this decline was attributed to a deference of approx. $70 million of revenue from its top-selling TurboTax tax-preparation software to the 3rd quarter because of a change in the way it priced the product. Without the change in revenue timing, non-GAAP …

Satellite radio giant, SIRIUS XM Radio (Nasdaq: SIRI), today announced sports talk personality Chris “Mad Dog” Russo has signed a five-year contract to headline a news ports channel, exclusive to SIRUS and XM. Mad Dog joins SIRUS’ impressive lineup of partnered celebrities and artists including Howard Stern, Oprah, Martha Stewart, Jimmy Buffett, Elvis, Jamie Foxx, Barbara Walters, Frank Sinatra, Opie & Anthony, The Grateful Dead, Willie Nelson, Bob Dylan, Dale Earnhardt Jr., Tom Petty, and Bob Edwards.

As the former star of the Mike and Mad Dog show, Mad Dog is expected to bring his large loyal fan base, huge popularity and strong name recognition to SIRUS, adding to its more than 18 million subscribers. Mad Dog’s popularity in sports talk radio has prompted wide-spread curiosity as to his next career move.

“Mad Dog’s fans are passionate about their sports and passionate about where they get their sports news and commentary

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