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Papa Murphy's files for IPO

  • Papa Murphy's (FRSH) filed for a $70M IPO this week.
  • The restaurant operator is one of the leading names in the fast-casual pizza concept that some analysts tap as the next high-growth area of the restaurant sector.
  • The company brought in sales of $786M last year on same-store sales growth of 2.8%.
  • SEC Form S-1
Comments (4)
  • ericmcarter
    , contributor
    Comments (183) | Send Message
     
    Low store growth, low comp growth, negative earnings the last three years, substantial debt, operating income marginally larger than interest expense, and no working capital back to the company... all proceeds to private equity sellers. Sounds like another great sucker bet as the great "Private Equity / Low Interest Rate Unwind" continues.
    12 Mar, 04:25 PM Reply Like
  • rfzielsdorf
    , contributor
    Comment (1) | Send Message
     
    Had one locally inside a Wal-Mart. Booming business. Had to close because Wal-Mart wouldn't allow any advertising and kept creeping rent up. Store spot now remains empty sans some random clearance items. Good to hear PM is doing so well nationally.
    12 Mar, 04:59 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (738) | Send Message
     
    Papa Murphy? I see their ads like crazy.
    12 Mar, 05:18 PM Reply Like
  • Clifford_K_Goodman
    , contributor
    Comments (4) | Send Message
     
    Lots of franchised locations, and plenty of densely populated parts of the US (and the world) that haven't been touched. Not a bad product, but no better than that sold at many grocery store and gas station deli counters. Hard to see this as the next Chipotle. Uncooked takeaway pizza is too prosaic a commodity.
    12 Mar, 09:48 PM Reply Like
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