The company was incorporated in 1972. McCormick & Schmick's Seafood Restaurants, Inc. operates a network of seafood restaurants. The company offers dinner for casual clients, families, tourists and business travelers as well as special occasional dinners. The company operates in the United States and Canada under the name of The Boathouse.

The price drop which started 1.5 month ago is due to company's announcement of 3 rd quarter's results which did not meet the growth expectations. Also on October 18, 2007 the company announced a departure of its Vice President of Operations.

For the last quarter ended June 30, 2007 the...