HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Papa Johns stock chart

Wed Nov 14, 2012, 12:54 PM

Papa Johns stock chart

Papa Johns head John Schnatter may well get an award as least competent CEO.

After making stupid comments about firing people and cutting hours to prevent giving employees health care, his company sent unwanted emails to half a million people offering pizza deals. His company is today facing a huge lawsuit for their willful negligence.

This is how Schnatter fared during the last four miserable years of business with a "socialist Kenyan dictator" in the White House:





That's a stock that rose from just over $10 a share to almost $55.

I know how the 1% think, and I'm sure Schnatter would say he did that well in spite of the stranglehold of govt restrictions, and that he's a corporate genius. Let's zoom in on the chart to show just the last 30 days when this Mensa Merchant Megastar decided to open his big mouth and tell half the country to find another pizza shop:




That chart shows investors eating 20% of their money in less than a month. Anchovies smell like ambrosia compared to Papa Johns stock now, and it hasn't hit bottom yet. Imagine a pizza with two slices missing. That's what an investor's portfolio looks like now.


For this, "Papa John" Schnatter pays himself $1,38 million a year including a Cadillac health care plan. Shareholders may well have a somewhat different list of who should get a layoff notice. I know I would.

10 replies, 1649 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 10 replies Author Time Post
Reply Papa Johns stock chart (Original post)
JohnnyRingo Nov 2012 OP
ProudProgressiveNow Nov 2012 #1
blogslut Nov 2012 #2
JohnnyRingo Nov 2012 #4
SidDithers Nov 2012 #3
Sheepshank Nov 2012 #5
cash__whatiwant Nov 2012 #6
Anthony McCarthy Nov 2012 #7
struggle4progress Nov 2012 #8
Scootaloo Nov 2012 #9
KharmaTrain Nov 2012 #10

Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 12:55 PM

1. K&R nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 01:03 PM

2. Just to clarify

The lawsuit is new but the text spamming happened two years ago.

As far as the health care thing, I have my doubts that any measurable percentage of his employees (outside of corporate) were ever allowed to work the required 40 hours to qualify for coverage. My guess is he's blowing smoke outta his ass.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to blogslut (Reply #2)

Wed Nov 14, 2012, 01:12 PM

4. You're right about the violation

And it should have been a red flag to anyone putting their retirement in PZZA, but can there be anything more stupid than a CEO blowing smoke out his ass to make a political statement?

Given that, I think the board has legitimate cause to claim mental deterioration in demanding Schnatter step down. I'm sure it's just grumbling among major stockholders for now, but wait and see how low it goes. Schnatters days may be numbered and he would be well advised to start packing his golden parachute.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 01:04 PM

3. ...



Sid

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 01:13 PM

5. pisses and moans about health care he already DOESN'T provide for employees

but conveniently forgets to proclaim policies that clearly did not stymie 500% growth over 4 years.

Typical.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 01:24 PM

6. Poppa Johns sucks

pizza hut >>>

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 01:44 PM

7. I only wish I could say I ate the stuff

 

so I could stop eating it to do my part to drive it down more.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 03:56 PM

8. Holy shizz! I can't believe how the poor dude has suffered!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 05:02 PM

9. "Mensa Merchant Megastar"

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JohnnyRingo (Original post)

Wed Nov 14, 2012, 05:07 PM

10. Too Soon To Tell...

Remember, the market's been down almost 1,000 points since the election. Once a resolution to the "budget cliff" comes forward, watch the market head upwards. Plus I expect a year end rally as consumer spending will be higher this year than last year.

That said, I'm hoping Schnatter sees his deck of pizzas collapse around him. Let's see how his tantrum affects sales this quarter...cause if those drop, then watch that graph really tank! If that stock drops to $20 a share, then we're seeing a stockholder bail and a company in serious trouble.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread