Capitalism, The Fed and Economic Policy

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  • tempo_n_groovetempo_n_groove Posts: 40,382
    tbergs 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 BlanstenGern Blansten Mar-A-Lago Posts: 20,363
    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.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
  • mickeyratmickeyrat Posts: 38,726
    mickeyrat said:
    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.
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  • Halifax2TheMaxHalifax2TheMax Posts: 39,089
    tbergs 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.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • mrussel1mrussel1 Posts: 29,702
    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_groovetempo_n_groove Posts: 40,382
    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_groovetempo_n_groove Posts: 40,382
    mickeyrat said:
    mickeyrat said:
    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 BlanstenGern Blansten Mar-A-Lago Posts: 20,363
    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.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
  • tempo_n_groovetempo_n_groove Posts: 40,382
    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 BlanstenGern Blansten Mar-A-Lago Posts: 20,363
    edited November 27
    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.
    Post edited by Gern Blansten on
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
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