Capitalism, The Fed and Economic Policy

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Comments

  • tbergs said:
    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: 21,710
    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; 2025: Pitt1, Pitt2
  • mickeyratmickeyrat Posts: 43,553
    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.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • 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;

    Libtardaplorable©. And proud of it.

    Brilliantati©
  • mrussel1mrussel1 Posts: 30,647
    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?
  • 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.
  • mickeyrat said:

    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: 21,710
    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; 2025: Pitt1, Pitt2
  • 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: 21,710
    edited November 2024
    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; 2025: Pitt1, Pitt2
  • mickeyratmickeyrat Posts: 43,553
    what was that aresenio hall thing? things that make you go hmmm? was that it?

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyrat said:
    what was that aresenio hall thing? things that make you go hmmm? was that it?

    ThaTS FUNNY!
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • battle1battle1 PHI Posts: 637
    edited December 2024
    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.
    This exchange between a New Yorker and a midwesterner about a legit hoagie is sitcom material. You couldn't pay me to eat pre-sliced meat. Jersey Mikes does it trying be a legitimate shop.  They want to stand alone amongst the other garbage chains. 
    Post edited by battle1 on
  • Gern BlanstenGern Blansten Mar-A-Lago Posts: 21,710
    battle1 said:
    This exchange between a New Yorker and a midwesterner about a legit hoagie is sitcom material. You couldn't pay me to eat pre-sliced meat. Jersey Mikes does it trying be a legitimate shop.  They want to stand alone amongst the other garbage chains. 
    Work on your comprehension. Instead of trying to start an argument maybe go watch a few info wars podcasts 
    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; 2025: Pitt1, Pitt2
  • battle1battle1 PHI Posts: 637
    Work on your comprehension. Instead of trying to start an argument maybe go watch a few info wars podcasts 
    I don't think there is an argument here, Gern.  Just got a kick out of the exchange.  Cheer up. 
  • brianluxbrianlux Moving through All Kinds of Terrain. Posts: 43,256
    edited December 2024
    "It's the oldest scheme since the Pharaoh's built the pyramids- privatize the gains, socialize the losses." - a wise man

    Well, that's going to crank up soon enough.
    "It's a sad and beautiful world"
    -Roberto Benigni











  • The JugglerThe Juggler Posts: 49,577
    Labor market remains good. Fed still likely to cut rates later this month.

    Trump set to inherit another good economy. Must be nice. 
    www.myspace.com
  • Work on your comprehension. Instead of trying to start an argument maybe go watch a few info wars podcasts 
    lol he gets my "good deli"  claim.  He's not wrong.  I have never stepped foot in a Jersey Mikes.
  • mickeyratmickeyrat Posts: 43,553
    Labor market remains good. Fed still likely to cut rates later this month.

    Trump set to inherit another good economy. Must be nice. 

    it suddenly got good after the election. funny that....
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,438
    Labor market remains good. Fed still likely to cut rates later this month.

    Trump set to inherit another good economy. Must be nice. 
    I like the term that's been floated around lately for recessions being called, 'Republican Recessions'. It's nice and political and really hits right in the mouth of the people that I would very much want it to hit right in the mouth.
  • mickeyratmickeyrat Posts: 43,553
    I like the term that's been floated around lately for recessions being called, 'Republican Recessions'. It's nice and political and really hits right in the mouth of the people that I would very much want it to hit right in the mouth.

    I'm listening, go on.....
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 43,553
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
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