Papa John's Idiocy has already cost the company $140M as of today

[JCMach1]

Stock price in 2008=14.81 ... Stock Price before controversy= 53.10, He's doing pretty well... Drop since threatened boycott and lawsuit for spamming customers= 47.06 and dropping... 53.10-47.06= 6.04 x 23.13M shares= wiping just under 140Million dollars of company value off the book the last few days. Just how much is that healthcare going to cost? a lot less than 140M

[OkieGranny]

1. Karma with a side of breadsticks n/t

[Don C. Nuttin]

44. Just say no.

Do not call Papa John's.

Do not enter a Papa John's.

[bayareamike]

2. That fool. nt

[patrice]

3. I will not buy pizza from someone who will not allow me to chip in .15 on health care for Americans.

[tsuki]

33. Forbes did an anaylsis.... .04-.06 a pizza. nt

[patrice]

34. Thanks for the info!

[tsuki]

36. No prob. Not only is the guy a sleaze,

he's a lying sleaze. I am not sure how you emoticon now.

Oh, I just noticed that they do it for you.

[patrice]

39. That's the thing about Republicans, you know, sleaze is one thing, some of us are used to it

but, just like Willard Romney cancelling the credit cards by means of which staffers ran his campaign, when sleaze comes from someone capable of so much better (even if they still disagree on a point, but they manage to do that in an authentically respectful way, but no . . . ) - sleazy AND it's cheap as well . . . it just puts the fear of something in you when someone like them runs for President. W. T. F?????????????????????

[tblue37]

77. That move really flummoxed me. Those staffers were

GOP "true believers." Probably many didn't even like Romney all that mcuh but were willing to bite the bullet and work and campaign hard for him, just because he was the GOP standard-bearer.

Stranding them like that within just a few minutes of the concession speech was such a d*ck move that I bet Romney caused some of them to begin to think about switching to the liberal side.

At least I hope so. But so many of the GOP's followers are so habitated to working and voting against their own best interests that I can't count on their being that rational, even after getting stranded so late at night without cab fare.

[patrice]

84. You know? Romnay CAN'T have not known that or someone VERY high in his campaign anyway.

It's just not possible that someone didn't know what they were doing to these people and they did it anyway.

Wow. I just mean, holy f-ing wow.

If that fact doesn't say it all, I don't know what does.

Mean! -ness

[DirkGently]

4. He is truly an ass, carping about $0.15 from his ridiculous castle house.

[patrice]

40. That house shows that money CAN'T buy good taste. nt

[geomon666]

5. The $250 million dollar lawsuit won't help this puke either.

Bleed this pig slow.

[JCMach1]

6. Nope, price will continue dropping... at least another 6.00 per share to at least

price in the lawsuit... if a real boycott kicks in, it will free fall.

[freshwest]

24. Is he really this crazy? Or is there a way for him to make money as his shareholders are screwn?

Isn't this going to cost them more than him?

It's obvious he doesn't give a rat's ass about what anyone thinks, Not his customers, workers or the people who invested in his venture.

I always wonder with some of these epic fails in public if there's another game being played. Do you know?

And thanks for the thread.

[BouzoukiKing]

60. "Screwn" I like that. Thanks.

Always room for a good new word...

[freshwest]

64. Somebody here psoted it. The quote was 'We are so screwn!' I like it, too.

[EOTE]

78. I believe that quote was from Free Republic.

Sometime around early November of 2008 if I remember correctly.

[freshwest]

80. Wow, I didn't know it was that old... Only saw it here last year. In the Lounge, I think.

[crim son]

86. Yes, it was a FReeperism.

DUers had a blast with it for a while, with somebody posting, "Are we truly screwn or are we merely fuct?"

[freshwest]

94. I like that, too.

myself.

[TheMadMonk]

88. Some of our best words and expressions come from there.

We should be grateful.

[tblue37]

79. Not new. It's an old one from Free Republic. It is included in the DU Glassary

I believe, along with other such classics--like the guy with the mullet holding the "Get a brain, Morans" sign.

[freshwest]

81. Go to link to the DU Glossary? Is it considered an offense to use it, since it originated on FR?

Since I don't peruse the Freeper cesspool, I had no idea that it was their saying.'

Of course, in 2008 as mentioned above, they were truly screwn and deserved it after putting up that racist/rightwing religionist tag team for the office of POTUS and VP.

What a freaking nightmare. I still get nausea at the sight of Saint Sarah of Wasilla:

[tblue37]

82. I don't know whether the glossary was brought over to DU3 from

DU2, but it is still there on DU2. You can find both "Morans" and "screwn" there:
http://www.democraticunderground.com/discuss/duboard.php?az=view_oet&address=358x190

On edit:
The glossary entry for "screwn" says it came from a FR post in 2006, not 2008. I think it links to that FR post, too--at least it does quote the post.

[freshwest]

87. I guess it's not seen as offensive, though, since looking over the list are a couple of freeperisms.

Thanks for the link, it answers some questions I had. Maybe it should be posted in Welcome & Help, for newbies. And about the chicken wars and other such things might would be helpful.

When I find a thread and don't know the history between the posters, I appreciate when someone kindly tells me that the crosstalk is between some old adversaries.

I trash the thread, having been told to FOAD when answering as if it was just a question and not a clique thing. Best to avoid the emotional minefields that others have been treading on for years.

Thanks again.

[tblue37]

90. Yes, it can be quite discouraging to find such cliquish meanness on a discussion board for

progressives. Such attitudes and behaviors seem more appropriate for Money boo Boo and his ilk.

[freshwest]

93. It is disconcerting to get such responses out of the blue, so it appears. It might be easier if were

telepaths, but OTOH, I am really glad that we aren't. We'd either have instanteous world peace or nuke the planet to a cinder. Thanks for that link, lot of history there!

[uponit7771]

58. What a sleaze ball

[RagAss]

7. The dying farts of a pig.

[spanone]

8. good, but not enough.

[cui bono]

9. I don't know... from what I read yesterday the stock has been going up and down for years.

Still, I hope it has gone down, but I doubt it's that much.

[WhaTHellsgoingonhere]

10. Porta John's stock more than TRIPLED under Obama!!

Obama's inauguration: $16.58
Election Day, 2012: $51.90


http://www.mediaite.com/online/papa-johns-pizza-stock-price-tripled-under-president-obama/

[JanMichael]

11. Screw him

I hope it gets worse; he sucks as badly as his "pizza."

[former9thward]

12. This is ridiculous.

The entire stock market has been going down since Wednesday. To pick out individual stocks and say they are going down for a specific reason is just silly.

[mythology]

46. Please don't interrupt the frenzy with facts

You are correct though.

[ProfessorGAC]

63. The Whole Market Has Lost 70% of It's Valuation?

Really? 70%. The Dow is down to 3000? Really?

You're completely wrong, and the poster who replied to is as well.

You can, in absolute fact, pick an individual stock for examination when it is performing in a statistically aberrative fashion compared to the market as a whole. Any analyst who didn't do that would be out of work in very short order.

The total valuation of that stock is not enough to be the cause to the effect of overall market drop. So, this is an independent effect which can then be examined for assignable causes.

You can disagree with the conclusion of the OP as to the nature of those assignable causes, but you can't dismiss the OP with your current contention.
GAC

[former9thward]

65. You need to get better at math.

No the whole market is not down 70%. And neither is Papa Johns. 53 to 47 is not 70%. Try again.

[ProfessorGAC]

70. You're Right. I Misread the OP

My fault. I apologize.
GAC

[Initech]

13. I'm betting Papa John isn't really good at math.

Hmmm... keep your mouth shut and give your employees health care and you're out $8 million. Or open your trap and make an asinine statement like that that costs you $140 million and lots of valuable customers. Tough decision!

[backscatter712]

14. Papa John can die in a fire.

That subhuman son of a bitch lives in a giant mansion, while not feeling bothered to give his employees a living wage or health insurance.

IIRC, the actual cost for health insurance for Papa John's was a nickel a pizza. Yes, $0.05. Not fourteen cents. Of course, he's gonna whine and moan, fire employees out of pique, and jack up costs by a buck to "pass the cost of Obamacare on to consumers."

Where's a guillotine when we need one?

[tsuki]

35. 40,000 sq ft, and an 18 hole golf course. Maintenance on that

has got to be at least 20K a month.

[A HERETIC I AM]

56. It's not an 18 hole course. I think it's only 3....

But your maintenance guess isn't too far off. Probably five grand at least per month to maintain 3 greens and fairways.

[Birdmanrr]

91. I guess he thinks he's a big dog

Boy is he a stupid SOB. He thinks he can step out and make a political statement without it backfiring. Not in this day and age. I will not forget what he has said and done and I challenge all who posted here to do the same. I am also boycotting Applebee's for the same reason that dumbass spoke out. These high and mighty rich who think their shit don't stink should get what they deserve for their political actions. They should stick to their business and stay out of politics, which is what Romney should have done.

[hrmjustin]

92. Welcome to DU!

[dems_rightnow]

15. Companies don't profit...

... by the action of their stock. They don't own it.

[beachbumbob]

16. but executives and CEO's do....

its called stock options and the major way to defer compensation

[frylock]

20. no, but they answer to shareholders who don't usually cotton to losing money

[Michigan Alum]

53. They have shareholders or board members who report to shareholders who can fire him.

You had better not make the shareholders angry - they do not take kindly to losing money simply because someone shot their big mouth off.

[Gman]

17. The whole market is down. The drop likely has little to do

With the controversy, if anything at all.

[JCMach1]

21. market is not down more than 10% this week...

it is the news the CEO was making along with a possible boycott and the spamming lawsuit that is pending with the company.

[lobodons]

18. That's a lot of .11-.14's

That's a whole lot of nickels.

[Bibliovore]

19. This isn't counting the drop in sales

from all the people who have decided to get their dinners elsewhere due to this idiotic attempt to make a political statement by threatening workers. I wonder how much that's cost corporate so far, and how much it might lower their franchising success and income?

[aggiesal]

22. Papa Juan himself owns . . .

6,094,409 shares of PJ's stock (according to the company’s most recent annual report).

So, personally, if this is accurate, he has lost $36,810,230.36 in stock value.

That's $36.8+ million

Ba ha ha

[frylock]

25. woohoo!

[aggiesal]

23. BTW, Forbes has a great article . . .

On how much it would cost Papa John's to pay for his employee's healthcare.

As it turns out, instead of 14 cents, based on Forbes calculations it would be
more like 3.4 to 4.6 cents per pizza, for a total cost of $5-8 million annually.

Here is the link to the article:
http://www.forbes.com/sites/calebmelby/2012/11/12/breaking-down-centi-millionaire-papa-john-schnatters-obamacare-math/

And he's personally lost over $36.8 M just in stock value.
This would have paid for 4-5 years worth of healthcare.

What an idiot!!!

[frylock]

27. hopefully this means we'll be seeing a lot less of his commercials..

during the football games! way to shoot yourself in the foot!

[Ruby the Liberal]

26. Actually, not all that bad compared to the overall market this week.

thanks to EU uncertainty and the Middle East.

Let a real campaign of boycott go viral and we will definitely see some movement though.

[Honeycombe8]

28. Most stocks are on the skid right now. Apple has taken about a 25% decline in recent mos. nt

[mick063]

29. And to top it off

This football season, Peyton Manning has "talked him into giving away 2 million pizzas" instead of the 1 million he "gave away" last year.

Hey Papa, you piece of crap, how about giving away no pizzas and giving your employees some health insurance instead?

[AAO]

43. No, no... ONE Meeyun!

[busterbrown]

30. Happy as hell that this piece of crap is loosing money.

But the market has been dropping for the past 2 weeks.
Close to a 1.000 points. Hurts all of us with IRAs.

[jeanmarc]

31. Is there an official boycott site

I'm already boycotting any business that makes a point to scare people about Obamacare and is too foolish to pass the cost to their customers. It's a level playing field.

I also hope they lose their best employees to competition that is now providing healthcare and their businesses suffer.

[maddiemom]

32. Ah! I love the smell of hubris in the morning!

How stupid does he think his customers are? Prices inch up constantly these days, but obviously we don't notice. When it's for a good cause (employee health care) THAT is a valid excuse.

[Kablooie]

37. Maybe that's why he said he had to fire employees.

He knew that after his political statement about his profits dropping his profits would drop and he'd have to cut back.

He skipped capitalism 101 in school.

[dem4ward]

38. And I hope all the other companies stock drops as well!

F#$K these CEO's!!!

[Cronus Protagonist]

41. I sold him a car once

He misrepresented his lease and tried to stick me with the overage. His wife treated me like a servant. I made $100 from my boss as a "spiff" since there was no commission for all the work I did (he's a "grinder", in the parlance of the trade).

His wife trains border collies and runs them around that plot of land in the castle grounds, so at least I got to see and pet some great dogs.

I have never eaten one of his pizzas, but I would expect that they'll be indistinguishable from wet cardboard in a dumpster outside a podiatrist's office.

I have to say it pleases me just a little to see his stock fall.

[deafskeptic]

49. Lol

You aren't far wrong. I've ordered from Papa John's in the past and they aren't much better than cardboard circles with melted cheese on top.

I won't order from them again after this healthcare farce regarding his employees.

[UBCchuck]

42. I hope

Peyton Manning loses his ass as well, headline:
Peyton Manning Purchases 21 Colorado Papa John's Franchises Just 2 Weeks Before Weed Legalization
http://www.huffingtonpost.com/2012/11/08/peyton-manning-papa-johns-weed-legalization_n_2094395.html

[mountain grammy]

45. For a diehard Bronco fan, this is hard to take

seeing Manning making commercials with that creep while my team is winning. Times like this I think of kicking my football addiction.

[UBCchuck]

57. I am a colts fan and i thought the same way.

I marched through Super bowl village when the repugs passed right to work for less this year. We had 15,000-20,000 people never saw that on the news did ya? Our state elections suck this year, NFL union...please, ha...

[Kyad06]

62. Elway is a big rebug douche as well

P Manning donated $$$ to Rmoney Really hate the Broncos

[UBCchuck]

75. yeah John

Elway and his pork butt. Ever see him in one of those celebrity golf events? A big ass in more ways than one.

[lonestarnot]

47. K & R!

[rhett o rick]

48. The $140 m loss is for stock holders. Unless the company holds 100% it isnt a loss for Papa John.

I would love this to affect Papa himself, but unless the boycott happens and continues, most likely the stock will rebound once the furor has died down.

[hughee99]

50. And if they were to buy up some outstanding shares while it's down,

they could MAKE money on this.

[rhett o rick]

51. Absolutely. Those that make real money in the stock market love to see the bigger price swings.

Usually the average schmuck gets screwed while the insiders make out.

[JohnnyRingo]

52. Quarter billion dollar class action suit last week

Papa Johns sent unwanted text messages to millions of cell phones a couple years ago. The suit reached class action status last week, and investors are running for the door before the settlement is handed down.

I'm sure boycotts have cost the company some revenue, but investors don't react on ideals, and the boycott isn't costing PZZA anywhere near $250bil.

Still, CEO Schnatter isn't known these days for sound business decisions.

[Michigan Alum]

54. One of his competitors who offers full health coverage says this will help them compete!

http://www.huffingtonpost.com/2012/11/15/papa-johns-obamacare-ians-pizza_n_2133050.html

Papa John's CEO John Schnatter’s recent statement that the Affordable Care Act will force the pizza chain to raise prices came as good news to Nick Martin.

Martin, a part owner of Ian’s Pizza, a pizza shop with four locations in Wisconsin, said his business has offered full heath care coverage to its 50 full-time employees for years, making it all the more difficult to compete with national chains like Papa John's that pay workers low wages without health benefits.

"This may level the playing field for us,” Martin said of the Papa John's price hike. “If they have to pay for benefits, and that pushes their prices up closer to ours, it will justify what we’ve been paying for and what we’ve been fighting to do the past few years.” (Ian's knows a bit about fighting, having fed demonstrators free slices during last year's protests in Madison.

-snip-

[DreWId]

67. Just there yesterday

Was in town when I read the HuffPo article so I stopped by Ian's for a slice. First time having it and the pizza was really great! I had pesto & portabello mushrooms followed by a november special of chicken pot pie.
The crust was really good and for me, that makes a pizza.

[Scootaloo]

55. Losing $140,000,000... because you don't want to pay off $0.14

This is why anyone who uses business experience as criteria for holding office is a fucking idiot and deserving of a smack to the face.

[pipewrench]

59. Shareholder meeting should be really interesting.

[toddwv]

61. Acts like ass, makes asshat incendiary statements.

Will blame everyone else.

[MightyAfrodite]

66. This is one of the worst cases of ....

dumbassity that I've seen lately. Oh well, I guess it's not the money, it's the principle of the thing.

[marions ghost]

68. Papa John's and Chick Fil-A

Anymore out there want to get an arm chopped off? Go ahead....

[Sarah Ibarruri]

69. I used to buy from Papa John's and Pizza Hut. From now on, it's Pizza Hut and Little Caesar's. nt

[SpankMe]

72. Also, buy from the local mom-n-pop pizzerias, if you can. n/t

[backscatter712]

83. Certainly that, but I'd also point out that Little Caesars is owned by Democrats. n/t

[Sarah Ibarruri]

96. excellent idea! thanks. will do. nt

[sarcasmo]

71. Kick!

[krispos42]

73. ObamaCare will add 14¢ to the price of a pizza

How much will the drought from the summer add to the price of the cheese on the pizza?

Rising milk prices affect foods from pizza to nachos
by Eve Troeh
Marketplace for Wednesday, October 10, 2012

Extreme drought this summer meant higher prices to feed dairy cows, and now the U.S. faces the smallest dairy herd in almost a decade. That means higher milk prices, and not just for the kind you drink. Lots of types of food companies are affected, and the impact depends on the type of milk product they use. Mary Keough Ledman at the Daily Dairy Report told me about the four classes of milk:

Class 1 -- you drink
Class 2 --you spoon: yogurt, ice cream
Class 3 -- you cut: cheese
Class 4 -- butter and powder you can store forever

If you're a company that makes food with milk -- whether that's sour cream, soup or nacho cheese-flavored chips -- your costs go up along with milk prices. But the timing of when those higher prices hit depends on the product, says Keough Ledman. "Some of the more aged cheeses, like Parmesan, those cheeses were made nine months ago. It'll be longer to see the price increase."

<more>

http://www.marketplace.org/topics/sustainability/food-and-drink/rising-milk-prices-affect-foods-pizza-nachos

[DesMoinesDem]

74. Actually, it didn't cost the company anything.

The stock price doesn't affect the company.

[valerief]

76. That's okay. Bain will move in and "save" it. nt

[grendelsd]

85. Rebranding

Let's see... No healthcare for food service workers. What could go wrong...

Maybe he is looking to rebrand to...

Hepa Johns Pizza

[Yo_Mama_Been_Loggin]

95. Papa Toilet's Pizza

It's pretty shitty as it is.

[ELI BOY 1950]

89. Keep the boycott alive...buy local