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Pizza Inn Holdings, Inc. Message Board

  • mcevilly.michael mcevilly.michael Feb 12, 2014 8:48 AM Flag

    Everybody just needs to relax

    Earnings are today. I'm sure they will be good given everything we know. The company has said (not publicly on Decker yet) that these people have left to pursue other opportunities. Let's think about this logically:

    Madison Jobe is 60 yrs old and part of old regime. Company released statement to say he was leaving to spend more time with his family and grandkids.

    Flynn Decker was hired as a consultant under old regime and then was made CMO on an interim basis. He left to follow the old CEO at Wingstop who brought him in in the first place.

    The company has commitments or has opened 150 Pie Fives thru 2014. The market cap is 50mm. There is no debt. Valuing the Pizza Inns at ZERO, this puts valuation on Pie Five Stores at about 325k per store which is less than initial start up costs of each store (350k). We are getting this company at less than book value.

    It's easy to believe in conspiracy theories these days. But there are NONE here. The reviews on Pie Five are insane. The franchisees are successful and experienced. So is the exec team.

    If the only counterargument comes from the like of Den56kk who gets his pizza from Costco and whose grand plan is to sell pizza by the slice (dumbest idea i've heard ) which pizzerias in NYC have been doing for 100 years yet Domino's and Papa John's are still successful there, then I'm fine. This company is a steal.

    Sentiment: Strong Buy

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