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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (5045)9/25/2019 9:25:25 AM
From: richardred
   of 6155
 
Inspire building it's restaurant brands. This only after a year after the Sonic acquisition.


Inspire Brands to Acquire Jimmy John’s

ATLANTA & CHAMPAIGN, Ill.--(BUSINESS WIRE)-- Inspire Brands (“Inspire”) today announced that it has entered into an agreement to acquire Jimmy John’s Sandwiches (“Jimmy John’s”). The agreement was unanimously approved by the Jimmy John’s Board of Directors, including Founder and Chairman Jimmy John Liautaud. The financial terms of the transaction were not disclosed.

Inspire is a multi-brand restaurant company whose portfolio includes more than 8,300 Arby’s, Buffalo Wild Wings, SONIC Drive-In and Rusty Taco locations worldwide. Following the completion of the transaction, Inspire will be the fourth-largest restaurant company in the United States with more than $14 billion in annual system sales and more than 11,200 restaurants across 16 countries.

“Jimmy John’s has found the ideal home at Inspire,” Liautaud said. “Inspire’s long-term approach, culture of innovation and commitment to helping brands grow sets it apart from the rest. I couldn’t be prouder of the company we’ve built, and I can’t wait to see what Jimmy John’s is able to accomplish under Inspire’s leadership.”

“Jimmy John’s is a great fit for the Inspire family,” said Paul Brown, Co-Founder and Chief Executive Officer of Inspire Brands. “What started in 1983 as a sandwich shop in a converted garage in Charleston, Illinois, has grown into a national, differentiated brand with a passionate fanbase. We are excited to welcome the Jimmy John’s brand to Inspire and look forward to working with their team and franchisees to help the company achieve its next stage of growth.”

At the close of the transaction, which is expected by the end of October, James North will serve as President of the Jimmy John’s brand, reporting to Paul Brown, and Jimmy John Liautaud will step down as Chairman and transition to an advisor to the brand.

About Inspire Brands

Inspire Brands is a multi-brand restaurant company whose current portfolio includes more than 8,300 Arby’s, Buffalo Wild Wings, SONIC Drive-In and Rusty Taco locations worldwide. The company was founded in 2018 and is headquartered in Atlanta, Georgia. For more information, visit InspireBrands.com

About Jimmy John’s

Jimmy John’s has been creating fast and fresh sandwiches since opening its first restaurant in 1983 and continues to do so in more than 2,800 locations across 43 states. For more information, visit JimmyJohns.com

About Roark

Roark focuses on investing in franchised and multi-unit businesses in the consumer and business services sectors. Since inception, affiliates of Roark have invested in 73 franchise/multi-unit brands, which collectively generate $37 billion in annual system revenues from 36,000 locations in 50 states and 81 countries.

streetinsider.com

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To: richardred who wrote (5539)9/26/2019 11:01:17 AM
From: richardred
   of 6155
 
RE-DLTH speculation -- Added shares at the new low. Most investors are throwing in the towel. Tariffs are hurting and new store expansion slowing. No sense in getting to big for your britches till your house is in order. IMO Duluth is a newer brand name that is familiar & complacent with millennial's & Generation Z. IMO more so than GAP-A&F-Hollister& Old Navy. I still like the non mall exposure & mail order business. I could be barking up the wrong tree, but in time the tree can sometimes bear fruit.

P.S.

BTW its snowing out west now!

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To: richardred who wrote (5552)9/26/2019 12:27:53 PM
From: robert b furman
   of 6155
 
Hi Rick,

My deer hunting buddy and his wife love and always wear their Duluth clothing (they are both in their late 50's).

Duluth has an outlet store one exit North of Tanger discount outlet in Osh Kosh Wisconsin.

Bob

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To: robert b furman who wrote (5553)9/27/2019 10:22:26 AM
From: richardred
   of 6155
 
Hi Bob: I think the brand definitely appeals to many baby boomers to, like your friends. I think the nutty Duluth commercials created brand awareness among all clothing buyers. I also think the newer generation is liking doing more outdoor activities like hiking. For this brand to thrive it must appeal to all generations. Hopefully more than the Stitch Fix model. This most definitely is a contrarian pick. I still think the stock has takeover appeal as long as the brand goes to a bigger company who can bring cost down. IMO many founders will sell if they know their company goes into strong hands where workers will keeps jobs through growth and expansion of the brand. I Hypothetically mentioned Amazon, but IMO VF Corp. Northface/Timberland ect. fits quite nicely to. I once owned Champion Products of Rochester which was acquired by Sara Lee/ Hanes. Warren Buffett bought my Russell athletic. He also bought Fruit of the Loom earlier. However nobody bought my Starter corp and it went bankrupt. Nike & Under Armor lead the pack in sports wear. Nike has been on a tear of late. In clothing Champion and Russell Brands IMO are tired brands. Nike and Under Armor are more modern and have better carrying power. I'm just thinking, eventually Duluth can carve out a building a more profitable niche with a parent.



P.S.

Hopefully more women will like their flannel pajamas on a cold winter night. :+ )

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To: richardred who wrote (5554)9/27/2019 11:02:26 AM
From: robert b furman
   of 6155
 
HI rick,

I like the VF fit.

They have their own rural outlets and that's a perfect melt into for Duluth.

Duluth is a much tougher pair of blue jeans. If they could become "cool" to the young cowboy rodeo crows it would be huge.

Their close just don't wear out - much like Carhart which is big up here in colder climates.

My friend has a warm hunting sweater that he has had for over 10 years. I've wanted to buy one for myself, but have not come across one, it has a very high up the back and sides of your neck to keep the wind out.

Patience - I think you are onto something.<smile>

Bob

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To: richardred who wrote (3944)9/27/2019 11:57:25 AM
From: richardred
   of 6155
 
Wow: Today Talk of de-listing Chinese companies on the US exchanges? Nothing verified as of yet on that. However. it's being reported verified, limiting US capital flows to China

To: Trader2015 who wrote (3943)From: richardred RE- My personal preference is still not to invest in Chinese companies. Reasons in link. I wish you success in your investment. If I miss it . Let the board know how you made out.
Message 28492052

I's much rather speculate in companies that Chinese companies might acquire here. I've had one success of Chinese company buying a division of an American company. That was Datascope- DSCP. The DSCP division was one of the first acquisitions by a Chinese company that I can remember. The company was ultimately acquired by Getinge.

Message 24430951
Message 24390346
Message 25369452

5/23/2015 7:36:39 PM

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To: richardred who wrote (5556)9/27/2019 12:39:59 PM
From: E_K_S
   of 6155
 
Re: China

Have CHA on watch list but this news having little to no impact. Would like to see this sell off on such news below $40/share and I will be a small buyer. Last $45.08/share

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To: E_K_S who wrote (5557)9/27/2019 12:56:54 PM
From: richardred
   of 6155
 
RE-Delisting Chinese companies-- Is this non verified news being reported even possible? I thought the NYSE has it's own BOD. Who would make those decisions? Laissez-faire?

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To: richardred who wrote (5558)9/27/2019 1:50:58 PM
From: E_K_S
1 Recommendation   of 6155
 
Just internet chatter and maybe something WH was discussing. Not sure if this could even be done perhaps by an EO.

Who Knows I guess POTUS looking for ways to turn up the heat on China. What ever it takes is ok by me as they have been cheating for a long time. At least this is one option I never heard of or even expected.

Ha, maybe an unexpected consequence would be China companies then Buy US companies, then issue more shares of that company to raise capital.

EKS

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To: richardred who wrote (5558)9/27/2019 4:13:17 PM
From: robert b furman
   of 6155
 
More like fighting fire with fire, I suspect.

Bob

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