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The 8k didn't say anything about shareholders. It talked about the bankruptcy hearing which took place on Thursday. We didn't hear anything about an approval or a denial. All we heard was acquisition. Which is a good thing.
I was awhile ago.
Do you have the filing that said we get nothing? All I saw was news release.
Who said I owned anything? Typically there is some sort of agreement to shareholders where the buyer gives an offer on remaining securities owned by investors or institutions. Could it be the offer was good enough in management's eyes, they said forget the auction?
Usually stock acquisitions are a good thing. Waiting on more to develop.
All this talk about Nike, and everyone overlooks Adidas.... Who is probably the other bidder at auction. Jmo. But still, it's not looking good. We're left in the dark until news makes, or breaks this puppy.
Cmon guggenheim! To the moon I say!
Would be very interesting if Nike takeover. For those who are unfamiliar with Pacsun, they used to be a very successful store. Brands like Etnies, Vans, DC, (Etc) were VERY popular years ago. But like a lot of things in life, nothing lasts. While Pacsun is a speculative play at best, it shouldn't go unnoticed how much Nike's brand is taking up square feet.
Keep up the good work.
Keep up the good work.
Domino's Pizza Helped Franchisees Cheat Workers Out of Pay, Lawsuit Claims -- UpdateFont size: A | A | A
5:36 PM ET 5/24/16 | Dow Jones
By Julie Jargon and Melanie Trottman
In the latest dispute over the legal relationship between companies and their franchisees, New York's attorney general on Tuesday claimed that Domino's Pizza Inc. is responsible for its franchisees knowingly underpaying their employees.
Attorney General Eric Schneiderman, who is suing the company, said a four-year investigation revealed that Domino's is highly involved in the hiring and firing practices of its franchisees and that the Ann Arbor, Mich.-based parent company mandated that they use a payroll software system that undercalculated gross wages and failed to fix it when problems were brought to their attention.
Mr. Schneiderman claims the company is liable for the alleged underpayment because it's a joint employer with its franchisees, an argument at the heart of a broader industry fight over who's responsible for the worker-related actions of franchisees.
The issue of joint employment is popping up as regulators grow more aggressive about holding businesses accountable for people whose employment conditions they control but don't claim as employees.
That can include temporary workers hired through staffing agencies, workers brought on to projects through subcontracting firms or employees at independently owned franchise businesses that license their brands from larger companies.
The lawsuit against Domino's and three of its franchisees, filed in state Supreme Court in Manhattan on Monday, claims that the company's faulty payroll system led to workers being underpaid a total of at least $565,000 for 10 of its stores. Mr. Schneiderman says he is seeking that amount for employees but wants a full accounting of any wages owed.
Domino's spokesman Tim McIntyre said Tuesday that the pizza chain's franchisees, not the company, are solely responsible for the hiring, firing, and payment of their own employees but that the company had been working for more than three years to help its franchisees understand wage and hour laws.
Regulators say they're trying to keep up with labor market changes that are resulting in more fractured work arrangements that can leave employees and the government unsure about who's responsible when a grievance arises.
The Labor Department in January issued guidance that suggested more businesses should be classified as being joint employers of workers whose employment conditions they control but don't claim as employees. While the guidance didn't amount to a policy change, it did seek to clarify that the scope of joint employment is broader than many employers believe it to be under two federal labor laws the agency enforces.
Separately, the National Labor Relations Board, a federal agency that referees workplace disputes and oversees union-organizing elections, toughened its joint-employer standard in August in a way that's expected to sweep more companies into that category when it handles complaints it gets.
The NRLB named McDonald's Corp. as a joint employer with franchisees in a number of complaints around the country, alleging that McDonald's and certain franchisees violated workers' rights by punishing them for participating in protests and other activities meant to improve their wages and working conditions.
Those complaints are pending and McDonald's has said it would fight the joint employer classification.
Mr. McIntyre of Domino's said that establishing Domino's as a joint employer with its franchisees would "deprive our independent business owners of the opportunity to make their own employment decisions" and "impact the viability of the franchise model."
Other business groups have echoed that point, arguing that treating parent companies as joint employers threatens small-business owners and companies that want the option to outsource work when they need it.
Companies in fast food, construction and other industries also worry that such classification will make it easier for unions to organize and push for higher wages.
Write to Julie Jargon at julie.jargon@wsj.com and Melanie Trottman at melanie.trottman@wsj.com
> Dow Jones Newswires
May 24, 2016 17:36 ET (21:36 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Side note, Papa Murphys (FRSH) accepts EBT cards. Tell your friends!!!! Could come in handy if the left gets their way this election!
Gee willikers! Thanks!
Gee willikers! Thanks!
Lee Equity plugging some serious dough (no pun intended) into online ordering and they're being aggressive with store growth. Advertising is also up. Hopefully that attracts more franchisees and consumers.
Just checked on a store tonight. Pretty busy for 7:30.
I find it absolutely shocking just how low this is going after 1st Q results. While FRSH had a bad 1st quarter, they opened up 27 stores within the last 3 months alone. No pain, no gain! Patience! Revs will be up soon enough!
Stealth buying going on here.
I see it heading for a slide soon.
Interested in seeing the current short interest. This thing could pop on some news fluff, something more than 12,000 shares. One catalyst, such as and update for current quarter, could do. Many are holding on for an update, imo. The filing for last quarter mentioned a 25% increase in traffic since the freemium member switch.
While many argue ads for paid members is an abomination, Hulu does it and nobody bats an eye. They charge like 4 dollars more a month for ad free content. Maybe ANGI will try something similar in the future as well?
Longs will be laughing all the way to the bank! Martha Stewart should add a position, I wouldn't mind at all. Look when Oprah did it with Weight Watchers. I was a week away from that plane, and I chose not to participate. Anyway, things are looking GREAT here, with or without Martha freaking Stewart.
What a petty attempt to prevent a $QUEEEEEZEEE!!!!!:
Angie's List Continues to Struggle After Weak Q1
Holding onto those shares, SOMEONE WANTS A COVER!!!
What a day.
Angie's List Reports First Quarter 2016 Results (Exhibit 99.1)
Full report here: http://edgar.sec.gov/Archives/edgar/data/1491778/000149177816000231/angi2016331-8kexhibit991.htm
•Company on track to remove reviews paywall by summer of 2016
•Revenue of $83.9 million for the first quarter of 2016 as compared to $83.5 million for the first quarter of 2015
•Adjusted EBITDA1 of $4.8 million for the first quarter of 2016 as compared to $8.6 million for the first quarter of 2015
•Net loss of $4.0 million2 for the first quarter of 2016 as compared to net income of $4.4 million for the first quarter of 2015
•Year over year growth in participating service providers, total contract value, traffic and first-year membership renewal rates
INDIANAPOLIS — April 20, 2016 — Angie’s List, Inc. (NASDAQ: ANGI) today announced financial results for the quarter ended March 31, 2016.
“We made good progress preparing for the strategic and operational shift in our business,” said Scott Durchslag, President and Chief Executive Officer of Angie's List. “The rollout of our technology platform, AL 4.0, is on schedule, and we are on track to remove the reviews paywall by this summer.”
“Our freemium offering, which is being piloted in some top markets, continues to perform robustly, with logins, searches, contract value and reviews each up compared with our control markets,” Durchslag continued. “These encouraging results give us confidence that our upcoming nationwide freemium rollout will drive a re-acceleration of our business.”
“We are also focused on stabilizing our core business during this time of change,” continued Durchslag. “Our overall first quarter revenue was flat year over year as we continued to face headwinds on member and advertising revenue. Adjusted EBITDA1 declined from a year ago due largely to non-recurring expenses and investments in our initiatives to reignite revenue growth. On a more positive note, we sequentially grew our total number of service providers and our backlog of contract value, and our total site traffic increased approximately 25% in the first quarter of 2016 from the year-ago quarter.”
“While turnarounds take time, we are approaching a key inflection point in our business as we make major progress toward introducing our new freemium business model.”
1 Adjusted EBITDA is a non-GAAP financial measure.
2 Includes a $3.5 million contingent liability recorded during the quarter related to pending litigation.
Not too shabby. Could've been worse for ANGI, given the current environment playing "catch-up" with the Freemium model. I will continue to hold, assuming future benefit from restructuring their Business model. The loss incurred this quarter was somewhat expected. Price already reflects that, IMO.
It's too soon for that, keyotee. Risk well. The big fall won't happen yet. And BAA has a low cost of production compared to other companies. I'm also not too worried about layoffs in the DRC with cheap labor to begin with. Although, the whole "colonizing" thing is getting a little pricey. Guess its the least they could do! I wonder what they teach at the schools built by banro? I'm hoping math and reading.
Your algorithm chart is based off of previous pps to determine future pps. The problem with that is, it's eventually wrong and when it is, you suffer the consequences. Bigger risk, bigger reward. Lots of things stirring in favor of gold. Correct me if I'm wrong, but didn't Blackrock recently take a 5% stake in BAA? If there's a "gold rush" all of a sudden in stocks, BAA could get a serious lift from their current pps levels. Anything is possible down here. Risk well!
4.25 is my offer, Take it or leave it. They want to go to war apparently, therefore I'm not gonna miss opportunity that knocks.
I'll keep a watch.
If this dips back below 3 it's gonna be hard NOT to add.... Today is a critical day for the POG.
If this dips back below 3 it's gonna be hard NOT to add.... Today is a critical day for the POG.
No gambling here. ;)
Time to sell, sell, sell.
10 S&P Companies With the Biggest 4Q Misses
http://www.thestreet.com/print/slideshow/13498049.html
Almost all $SP500 companies reported for Q4 2015. Forward looking sentiment for Q1 not promising.
Day of truth for gold is near.
Lol good show, mate. All in good fun. GLTA
But you don't know the gold futures? That's what dictates the market.