Though Papa Murphy's (NASDAQ:FRSH) share price has fallen 12% from its April IPO price, recent evidence suggests there could be much more downside to come. The Papa Murphy's Franchise Association (PMFA) is an organization which represents the interests of its franchisees (who collectively operate 1300+ stores). Following the annual meeting of the Papa Murphy's Franchisee Association on May 30, the organization shared its June letter with a local newspaper highlighting that the association is seeking relief for a number of struggling franchisees. Here is an excerpt:
By far, the No. 1 concern and highest priority is relief to low-volume stores. This issue is a clear and immediate danger to the system as a whole, as well as to...
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