Prepare for Jersey Mike’s to tank in quality forever

Nov 20, 2024
10:12:26pm

maxpowers All-American

Jersey Mike's sandwich chain has been acquired by a private equity firm. https://t.co/18Y6NOwEiY
— NBC New York (@NBCNewYork) November 19, 2024

https://twitter.com/NBCNewYork/status/1858898100011536502

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maxpowers

Bio page: maxpowers
Joined: Sep 22, 2010
Last login: Dec 3, 2024
Total posts: 38,879 (6,614 FO)

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Messages

Author

Time

Prepare for Jersey Mike’s to tank in quality forever

maxpowers

Nov 20, 10:12pm

Darn. I love that place.

Mr. Belding

Nov 20, 10:27pm

I just hope this doesn’t impact my ability to not be selected for their free sub

DieHarder

Nov 20, 10:30pm

I've submitted for that so many times, never won once

Zerigke Ally Zerigke

Nov 20, 10:31pm

I'm convinced a high % of "give aways" never actually give anything away

JuicyJam

Nov 20, 10:48pm

Can confirm I won once maybe out of 30 times I’ve done it?

Rivers Cuomo

Nov 20, 11:30pm

I've heard they only give out 50 free subs.

cougarfan84

Nov 21, 5:49am

As they say “churn and burn”

Powerbait DPM

Nov 20, 10:37pm

This is in fact the exact opposite of what private equity says…

WP17

Nov 21, 12:32am

Dang.

BluebloodOR

Nov 20, 10:39pm

We will all be working for PE soon.

NYCougz

Nov 20, 10:43pm

The good news is, the service can't possibly get any slower.

fredgarvin

Nov 20, 10:43pm

Only in this broken economy do you see a place like this be busy all the time, but still going bankrupt.

AltTabbins

Nov 20, 10:43pm

It looks busy all the time because it takes them 15 minutes to make a sandwich

fredgarvin

Nov 20, 10:44pm

THIS!^^^^^^^^

AzCugrFan

Nov 20, 10:59pm

Private equity is terrible

BYU Sportz Fan

Nov 20, 11:31pm

Can you explain why you think that?

WP17

Nov 21, 12:31am

They think they are the smartest person in the room. So they make a lot of

maYbe

Nov 21, 2:24am

Dominos, Burger King, Weather Channel, Canada Goose, Gymboree, GSM

CBaass

Nov 21, 5:19am

If private equity had no value the free market would have done away with it

nova_coug_fan

Nov 21, 6:10am

The value to the market is to business owners looking for an exit. The PE hits a

maYbe

Nov 21, 6:44am

I’ve been a part of 5 portcos. 4 were home runs for everyone. 1 was a dud and went bankrupt but it’s to be expected with

WDaddy

Nov 21, 7:55am

That's good that you've been a part of some good ones. There are a few

maYbe

Nov 21, 8:41am

There are many good ones. I’ve been a part of 2 portcos. Both improved dramatically for employees and customers

WP17

Nov 21, 11:34am

If someone has more money than me then that is on me. It's not a zero sum

maYbe

Nov 21, 12:58pm

I don’t think this is a good argument.There are plenty of shady industries that

BYU Sportz Fan

Nov 21, 7:49am

I can name literal hundreds. You have availability bias because you only hear about failures.

WP17

Nov 21, 11:32am

To push back a little, the article itself doesn’t say that the findings are

BYU Sportz Fan

Nov 21, 12:56pm

PE slashes innovation. It’s all about making the company as lean as possible

maxpowers

Nov 21, 5:29am

I agree for the tech industry as well as DSOs/health care. They are not good for those industries.

WDaddy

Nov 21, 7:56am

This sounds more like the short termism of public companies than PE.

WP17

Nov 21, 11:35am

I’d recommend trying this experiment: get on Google and search “why private

BYU Sportz Fan

Nov 21, 7:29am

The stats about bankruptcy is super misleading- they’re buying a lot more distressed assets.

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