Take note, @GoldmanSachs, @jpmorgan, @blackstone.
Will Domino’s Largest Shareholders Increase Their Stakes After Hearing Of Two Managers Who Set Fire To The Competition?By Bess Levin
If I’m a PM at Scout Capital, Trian, Cedar Rock, MSD, Calamos, BlackRock, RenTec or Two Sigma, all of which own a significant number of shares in the pizza purveyor, my takeaways are: 1. Passion 2. Teamwork 3. Initiative 4. Ingenuity 5. Ability by middle management to read between the lines and infer that corporate’s edict to “torch the competition” was meant literally. Alternatively, if I’m a certain someone who walked away, dumping all but a couple shares retained simply for the free slices, I’m thinking I made the biggest mistake of my life underestimating these two. Read more »
But there hasn’t been much need for [medical supplies]. Ms. Lembitz, another medic, was tending to one of the most common injuries: blisters on a bongo drummer’s fingers. The only other common injuries, Mr. Pilon said, were cuts from food preparation and cases of foot fungus caught by activists who didn’t change out of wet socks…A website set up for the protest has a link to a nearby pizzeria, Liberato’s. Donors call, give the restaurant their credit card information, and a short time later a few pies—the website says the protesters prefer them without meat—show up at the area set up for food. Protesters hope they’ll be able to hold out for a while—some say forever. “Until Wall Street crumbles,” said Chris Mapp, a 20-year-old film student who lives in Harlem. “And we say that in the most peaceful way possible.” [WSJ]
Back in January, SAC Capital amassed a 5.3 percent stake in Domino’s Pizza, making it the fifth largest investor, at 3.2 million shares. While Cohen didn’t have any plans to meddle with management, behind the scenes he did do his part to enhance the brand, not only in an attempt to maximize profits but out of a love for bread, sauce and cheese. Little tweaks included: use of the DPZamboni as the standard delivery vehicle (it can do 150 on 95), product placement that involved getting Domino’s featured in a few pizza delivery-boy themed pornos, and tasking SAC employees with slapping slices out of the hands of anyone seen eating a competitor, putting a finger in their face and warning “that’s one” (after one you don’t want to know what happens). Things were good. REALLY good. They were double penetrating the market and Steve had big plans for the future. Unfortunately, SC’s had to significantly reduce his stake over the last few months, after what we’re assuming was a difference of opinion based on this: Read more »
According to an email circulating from Christopher Harvey, JPMorgan’s “Senior Country Officer in Japan,” to colleagues. Read more »