Romney was awed while visiting the palatial manor of Papa John CEO John Schnatter: "Who would’ve imagined pizza could build this? This is really something. Don’t you love this country? What a home this is, what grounds these are--the pool, the golf course! This is a real tribute to America, to entrepreneurship." So--would Obamacare really impact Schnatter's ability to maintain his lavish estate of 40,000 sq. ft. with several swimming pools and a golf course in a ritzy Louisville suburb? Estimates of his personal fortune are in the $250-500M range.Schnatter made the "crusty" claim that the new health care law will cost Papa about $5 to $8 million per year. To compensate, Schnatter said he will likely raise pizza prices and reduce workers’ hours so he doesn’t have to insure them. Schnatter screamed that, by damn, don't yell when my pizzas go up between 11 and 14 cents each. However, Caleb Melby of Forbes scrutinized Schnatter's ACA math in depth. Result?? To cover Obamacare adequately, those pies need to be raised only 3.4-4.6 cents apiece.Instead of his alleged Obamacare ding, maybe Schnatter is re-thinking his latest promos. In Sept., he gave away 4000 freebies in NYC to commemorate the opening of his 4000th store. Then there's his current ad with Peyton Manning in which Peyton "raises" Papa's offer of 1 million free pizzas and raises him to 2 million. Melby notes that this would be a self-imposed nick of between $24 and $32 million.Read Melby's in-depth analysis immediately below: he digs into pizza sizes, shareholder info, and other salient details that convincingly prove that John Schnatter may have--do I dare say it?--LIED. http://www.forbes.com/sites/calebmelby/2012/11/12/breaking-d...14 words sums it up: Papa John's Obamacare Costs Are Far Less Than the Price Of Free Pizza Giveaway (rest of post has info from: http://www.huffingtonpost.com/2012/11/13/papa-johns-obamacar...)
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra