Capitalism, The Fed and Economic Policy

tempo_n_groove

tbergs said:

tempo_n_groove said:

Jersey Mikes Sub company was sold for get this, 8 Billion dollars... Guess who bought it?  Blackstone.

How the hell is Jersey Mikes worth 8B?!?  And what on earth is Blackstone gonna do to make back their money?  Is this a stock to short?

Sell high!

Nearly 50 years later, the chain has just under 3,000 locations worldwide. In 2023, the company brought in $3.3 billion in sales and has had an average annual sales growth of about 20% since 2019, according to food service consulting firm Technomic.

https://www.cnbc.com/2024/11/23/jersey-mikes-subs-success-story-how-peter-cancro-became-a-billionaire.html

So they were around for 50 years and finally started killing it.  Upon doing so, Blackstone buys it so theyre gonna fuck someone somehow.

Gern Blansten

tempo_n_groove said:

Gern Blansten said:

I love Jersey Mike's....they are still kind of new to my area. We had one in Noblesville 5-6 years ago that closed oddly. I think it was just a little ahead of its time for our area. Now there is another one not too far away from the previous location.

I really don't know how they manage the meat slicer...they do everything upon order and the guy is just constantly changing meats/cheeses and running that thing non-stop. Subway actually started to mimic them a bit but they don't cut to order...they still fill their bins but the meat slicer is now visible in their stores.

We have delis all over NY that operate like this so I don't get the mystique?  I have also never ate a t a Jersey Mikes because we have great delis.

When there are ten people in line it just seems silly to have to wait on a guy at the slicer. Just precut the meat/cheese for the lunch rush and make everyone's life easier.

mickeyrat

tempo_n_groove said:

mickeyrat said:

https://www.threads.net/@3freebird2013/post/DCp0qYeMLBs?xmt=AQGz7OiHM63B0fzFHNDUO9cl-PHIkpj5wVG7P1UA0APqmg

Why would they move to an even more expensive state?  Taxes are higher?  I dont get this one.

corporate consoldation in HQ's. puts them with other brands the parent company owns.

Halifax2TheMax

tempo_n_groove said:

tbergs said:

tempo_n_groove said:

Jersey Mikes Sub company was sold for get this, 8 Billion dollars... Guess who bought it?  Blackstone.

How the hell is Jersey Mikes worth 8B?!?  And what on earth is Blackstone gonna do to make back their money?  Is this a stock to short?

Sell high!

Nearly 50 years later, the chain has just under 3,000 locations worldwide. In 2023, the company brought in $3.3 billion in sales and has had an average annual sales growth of about 20% since 2019, according to food service consulting firm Technomic.

https://www.cnbc.com/2024/11/23/jersey-mikes-subs-success-story-how-peter-cancro-became-a-billionaire.html

So they were around for 50 years and finally started killing it.  Upon doing so, Blackstone buys it so theyre gonna fuck someone somehow.

Likely by changing the franchisee’s rules to make it easier to penalize or force the sale of a franchise as it’s the franchise fee that makes the most direct profit.

mrussel1

tempo_n_groove said:

Jersey Mikes Sub company was sold for get this, 8 Billion dollars... Guess who bought it?  Blackstone.

How the hell is Jersey Mikes worth 8B?!?  And what on earth is Blackstone gonna do to make back their money?  Is this a stock to short?

Isn’t it private, considering a PE just bought it?

tempo_n_groove

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

I love Jersey Mike's....they are still kind of new to my area. We had one in Noblesville 5-6 years ago that closed oddly. I think it was just a little ahead of its time for our area. Now there is another one not too far away from the previous location.

I really don't know how they manage the meat slicer...they do everything upon order and the guy is just constantly changing meats/cheeses and running that thing non-stop. Subway actually started to mimic them a bit but they don't cut to order...they still fill their bins but the meat slicer is now visible in their stores.

We have delis all over NY that operate like this so I don't get the mystique?  I have also never ate a t a Jersey Mikes because we have great delis.

When there are ten people in line it just seems silly to have to wait on a guy at the slicer. Just precut the meat/cheese for the lunch rush and make everyone's life easier.

Eh.  You can do that but with sooo many brands of turkey you might get stuck with waste.  For example you have Oven gold then honey maple, low sodium, firebrand, mesquite, etc...

You use quality meats and you don't want to waste them.  Plus a good deli moves them out quickly.

tempo_n_groove

mickeyrat said:

tempo_n_groove said:

mickeyrat said:

https://www.threads.net/@3freebird2013/post/DCp0qYeMLBs?xmt=AQGz7OiHM63B0fzFHNDUO9cl-PHIkpj5wVG7P1UA0APqmg

Why would they move to an even more expensive state?  Taxes are higher?  I dont get this one.

corporate consoldation in HQ's. puts them with other brands the parent company owns.

I saw them mention Vans or somebody like that. So it's all under one umbrella now.

Gern Blansten

tempo_n_groove said:

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

I love Jersey Mike's....they are still kind of new to my area. We had one in Noblesville 5-6 years ago that closed oddly. I think it was just a little ahead of its time for our area. Now there is another one not too far away from the previous location.

I really don't know how they manage the meat slicer...they do everything upon order and the guy is just constantly changing meats/cheeses and running that thing non-stop. Subway actually started to mimic them a bit but they don't cut to order...they still fill their bins but the meat slicer is now visible in their stores.

We have delis all over NY that operate like this so I don't get the mystique?  I have also never ate a t a Jersey Mikes because we have great delis.

When there are ten people in line it just seems silly to have to wait on a guy at the slicer. Just precut the meat/cheese for the lunch rush and make everyone's life easier.

Eh.  You can do that but with sooo many brands of turkey you might get stuck with waste.  For example you have Oven gold then honey maple, low sodium, firebrand, mesquite, etc...

You use quality meats and you don't want to waste them.  Plus a good deli moves them out quickly.

at Jersey Mike's there is no variety...turkey, ham, salami, etc.....no different flavors

It's just odd to me to order an italian sub and the guy has to get out like four meats to cut, then cut cheese, then next guy orders the same thing so here come the four meats again, etc.

tempo_n_groove

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

I love Jersey Mike's....they are still kind of new to my area. We had one in Noblesville 5-6 years ago that closed oddly. I think it was just a little ahead of its time for our area. Now there is another one not too far away from the previous location.

I really don't know how they manage the meat slicer...they do everything upon order and the guy is just constantly changing meats/cheeses and running that thing non-stop. Subway actually started to mimic them a bit but they don't cut to order...they still fill their bins but the meat slicer is now visible in their stores.

We have delis all over NY that operate like this so I don't get the mystique?  I have also never ate a t a Jersey Mikes because we have great delis.

When there are ten people in line it just seems silly to have to wait on a guy at the slicer. Just precut the meat/cheese for the lunch rush and make everyone's life easier.

Eh.  You can do that but with sooo many brands of turkey you might get stuck with waste.  For example you have Oven gold then honey maple, low sodium, firebrand, mesquite, etc...

You use quality meats and you don't want to waste them.  Plus a good deli moves them out quickly.

at Jersey Mike's there is no variety...turkey, ham, salami, etc.....no different flavors

It's just odd to me to order an italian sub and the guy has to get out like four meats to cut, then cut cheese, then next guy orders the same thing so here come the four meats again, etc.

That shouldn't be hard then but people do enjoy fresh meats, freshly sliced.

Gern Blansten

tempo_n_groove said:

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

I love Jersey Mike's....they are still kind of new to my area. We had one in Noblesville 5-6 years ago that closed oddly. I think it was just a little ahead of its time for our area. Now there is another one not too far away from the previous location.

I really don't know how they manage the meat slicer...they do everything upon order and the guy is just constantly changing meats/cheeses and running that thing non-stop. Subway actually started to mimic them a bit but they don't cut to order...they still fill their bins but the meat slicer is now visible in their stores.

We have delis all over NY that operate like this so I don't get the mystique?  I have also never ate a t a Jersey Mikes because we have great delis.

When there are ten people in line it just seems silly to have to wait on a guy at the slicer. Just precut the meat/cheese for the lunch rush and make everyone's life easier.

Eh.  You can do that but with sooo many brands of turkey you might get stuck with waste.  For example you have Oven gold then honey maple, low sodium, firebrand, mesquite, etc...

You use quality meats and you don't want to waste them.  Plus a good deli moves them out quickly.

at Jersey Mike's there is no variety...turkey, ham, salami, etc.....no different flavors

It's just odd to me to order an italian sub and the guy has to get out like four meats to cut, then cut cheese, then next guy orders the same thing so here come the four meats again, etc.

That shouldn't be hard then but people do enjoy fresh meats, freshly sliced.

I enjoy not waiting in line more

I didn't mean to go off on a tangent...it just seems like an odd method for a somewhat fast food joint. To me as long as the ham was cut that morning and kept cold I am good with it. I don't need to see the guy slice it. Especially after watching him slice it for every fucking person in front of me.

mickeyrat

what was that aresenio hall thing? things that make you go hmmm? was that it?

https://www.threads.net/@mattwinterwatson/post/DDFThTSvVDi?xmt=AQGzkF18znLNvR7HZ7lZ2gZKe8Taga7S7o9X4t5r5hy72A

tempo_n_groove

mickeyrat said:

what was that aresenio hall thing? things that make you go hmmm? was that it?

https://www.threads.net/@mattwinterwatson/post/DDFThTSvVDi?xmt=AQGzkF18znLNvR7HZ7lZ2gZKe8Taga7S7o9X4t5r5hy72A

ThaTS FUNNY!