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View Full Version : PaPa Johns is a cheep SOB!



Cigar
11-13-2012, 02:25 PM
http://sphotos-b.xx.fbcdn.net/hphotos-ash3/20225_10151137298351275_1422061061_n.jpg:undecided :
http://www.papajohns.com/twomillionpizza/

Mister D
11-13-2012, 02:26 PM
To be fair it looked like he didn't want to. Manning kind of pushed him into it. :undecided:

Taxcutter
11-13-2012, 02:34 PM
Papa John may be just the first of many.

ObamaTax may force what some left-wingers have been touting: European-style job-sharing.

Take one full-time job and split it among two part-timers. Get out from under ObamaTax requirements.

At first it will be limited to low-skill jobs like pizza delivery, but it will percolate up the economy as the crushing load of ObamaTax starts to bite.

Conley
11-13-2012, 02:41 PM
I'm not ashamed to admit I took Papa up on his buy one pizza get another pizza free during the election.

Cigar
11-13-2012, 03:10 PM
Papa John may be just the first of many.

ObamaTax may force what some left-wingers have been touting: European-style job-sharing.

Take one full-time job and split it among two part-timers. Get out from under ObamaTax requirements.

At first it will be limited to low-skill jobs like pizza delivery, but it will percolate up the economy as the crushing load of ObamaTax starts to bite.

How many people you know strive to be a Full Time Employee at PaPa John's ?


http://sphotos-a.xx.fbcdn.net/hphotos-snc7/481790_522978211055457_1977707809_n.jpg

wazi99
11-13-2012, 06:05 PM
The total cost of Obama Care for the company is 5 to 8 million a year under current costs.



"We're all going to pay for it," he said, estimating the new law would cost the business $5 million to $8 million annually.

Read more: http://www.wptv.com/dpp/news/state/john-schnatter-papa-johns-ceo-obamacare-likely-to-raise-costs-employees-hours-being-cut#ixzz2C983FEJf



Lets say its just 5 million that is 5 million less to invest in growing the company. Or you could say it is 5 million dollars worth of new jobs.

Papa Johns only made 36.8 Million in profit for 2011. That sounds like a lot but they are a publicly owned company so most of that went to share holders. The Minority Interest in Earnings went down -2.0 in 2011. So they where already seeing loss of income from 2010 before Obama Care expenses started.

See all the numbers here: http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=ZZA

If your new to financial statements here is a beginners guide: http://www.sec.gov/investor/pubs/begfinstmtguide.htm

Mainecoons
11-13-2012, 06:35 PM
Restaurants are a low margin, recession sensitive business. You have to have real balls and be slightly crazy to operate one restaurant, let alone a bunch of them.

This is a group of employees that are hardly rolling in luxury and thanks to the Obama administration are going to have even less.

But that's OK, Barry has done very well for himself and his bankster friends.

Conley
11-13-2012, 06:50 PM
Well it wouldn't be the first time a pro athlete made a terrible business decision...good point MC, he would have been better off buying 17 BofA franchises instead of Papa Johns :laugh:

patrickt
11-13-2012, 07:17 PM
http://www.papajohns.com/twomillionpizza/

Lying and you didn't even say anything. Papa Johns has been providing basic health care for years. I wonder what changed. Oh, right, the employees no longer get to have a contractual arrangement with their employer. It'll all be run by the King.

Quit lying, Cigar. It doesn't help your cause of socializing America.

Castle
11-13-2012, 10:28 PM
The point of a business is to make money. This "greed" is what makes a business owner want to create more jobs because he wants to continue growing and making more money. Liberals are too blinded by their hate for success to understand this.

Calypso Jones
11-13-2012, 10:42 PM
I applaud the man.

Cigar
11-14-2012, 09:08 AM
I applaud the man.

... and PaPa appreciates it. :)

http://mansionsandmore.files.wordpress.com/2011/11/screen-shot-2011-11-10-at-8-59-38-pm.png?w=529&h=357

wazi99
11-14-2012, 12:43 PM
When did working hard to become successful become a hated thing in America?


In 1983, at the age of 22, Schnatter started delivering pizza out of his father's co-owned tavern in Jeffersonville, Indiana (http://en.wikipedia.org/wiki/Jeffersonville,_Indiana). In the same year, he sold his 1971 Camaro Z28 to purchase the other half of the tavern in what became his family's first "pizza place." Today, the Papa John’s franchise has 4,000 restaurants in 50 states and 30 countries. In 1996, Schnatter helped fund a new 42,000-seat football stadium on the University of Louisville (http://en.wikipedia.org/wiki/University_of_Louisville) campus in exchange for naming rights. The structure, which opened in September 1998, is called Papa John’s Cardinal Stadium (http://en.wikipedia.org/wiki/Papa_John%E2%80%99s_Cardinal_Stadium).

http://en.wikipedia.org/wiki/John_Schnatter

He is the classic American success stories. Started with nothing sold his car to start a company and made it big.

If you want to spend your life living hand to mouth off the grace of the government giving you your next mean go a head. I want to live on my own and not count on the government for my next meal.

patrickt
11-14-2012, 02:01 PM
When did working hard to become successful become a hated thing in America? He is the classic American success stories. Started with nothing sold his car to start a company and made it big.

If you want to spend your life living hand to mouth off the grace of the government giving you your next mean go a head. I want to live on my own and not count on the government for my next meal.


It's been hated in the U.S. since 1918. The communists, who have failed everywhere, are convinced their disastrous policies will work in the U.S. President Obama sure thinks they will.