DENNY'S TO ADD 5% SURCHARGE TO PAY FOR OBAMACARE. WILL CUT BACK EMPLOYEES HOURS - The cost of Obama's massive Socialization of medical care is now going to cost average Americans, both in dollars and in jobs! Denny's in Florida will now add a 5% Obamacare surcharge to all bills, and will cut back many employees hours to avoid Obama's massive tax. John Metz, who runs approx. 40 Denny's and owns the Hurricane Grill & Wings franchise told his employees, 'that because of Obamacare, we are going to be cutting front-of-the-house employees to under 30 hours, effective immediately. I think it's a terrible thing. It's ridiculous that the max hours we can give people is 28 hrs a week instead of 40,' said Metz 'It's going to force my employees to go out and get a second job. But to pay $5,000 per employee would cost us $175K per restaurant and unfortunately, most of our restaurants don't make $175K a year. I can't afford it.' This scene is being repeated all over America. Barack Obama...Job Killer.
I'm not kidding - I'd like to find some info on ObamaCare that would actually be truthful and as to what a person or a business could expect.
When I see things like this posting - it comes across as a negative. The business owner doesn't care about their employees. I avoid places like these. If "Denny's in Florida" thinks a 5% increase will take care of the issue --- WHY WOULD YOU ADVERISE IT? It's a negative toward your business. lol It's the same principle of Mittens hiding his money off shore - he isn't going to brag about it while he campaigned. lol
By raising prices, Denny's will lose some customers. By tying that price increase to a political issue, Denny's will lose more customers. What do they gain? The opportunity to make a political statement....they will probably find it was an expensive statement.
But then forecasting the demise of Denny's is hardly revolutionary. Denny's has been in decline for 10 plus years.
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I agree it sounds good for a politically-minded Obamacare supporter like Mr. Ken.
Of course, the type of market Denny's is in could collectively be in a decline...
But, isn't the Denny's chain at the top, or near the top of the market share compared to its competitors?
My oh my, what a phony is Mr. Ken who is REALLY the one wanting to get "political" when businesses commence to shed a negative light on the consequences of the ACA.
As for Denny's (earnings growth -33%) market position...I don't even know what market it is in or who competes. Perhaps Cracker Barrel (earnings growth +98%) .... DIne Equities (earnings growth 260%) ... Brinkers International (earnings growth 18%).
As I have said before, you are obviously not an investor or an entrepreneur. If you were, you would have already known these facts. Denny's is a dying brand and corporation.
As for who I am or who you know. Those who read my posts will decide for themselves. Obviously we have political differences. As for my being a phony as you claim, they can assess that fact by simply comparing the content of my posts to yours.
BTW...I am sorry you have too much time on your hands. I enjoy my time on Sodahead although sometimes it crowds out other things I should be doing.
Looked on the link you provided as well..Wish the charts could be posted as pics..Nothing on my link, nor your link indicates DENN is "dying".
Nothing on either link indicates DENN is as you explicitly stated earlier - "Denny's has been in decline for 10 plus years."
As for my statement relative to their competitive market share...I was simply asking the question BEFORE I checked it out to find out that even though DENN is NOT at the TOP, there is NOTHING to indicate your quote -- "Denny's has been in decline for 10 plus years" - has ANY truth or fact whatsoever.
Here is your entire statement -
"But then forecasting the demise of Denny's is hardly revolutionary. Denny's has been in decline for 10 plus years."
Yes, Mr. Ken, my wine-indulging, politically-motivated, phony friend...People can decide for themselves.
Here are what others are saying about Denny's:
http://www.fool.com/investing...
http://wallstcheatsheet.com/s...
http://finance.yahoo.com/news...
Again let me be clear about my opinion of Denny's.... Denny's is a dying company. Although there is time to turn it around, the public position it has taken on Obamacare suggests it does not have the entrepreneurial skill to succeed with such a turnaround.
FYI....did you notice that Denny's corporate backed away from the comments about raising prices because of the affordable care act? Pointing out that the person making these comments represented less the 1% of the Denny's restaurants?
Any statements about future events are obviously opinions. When I present such opinions they are based fact but the future has not yet happened and so my statements are clearly an opinion.
You will be tempted to take subsections of other posts out of context in order to prove your opinion about me. Only a fool such as you would waste time with such effort. Clearly my reasoning is not 100 percent consistent but to compare a discussion of "why" something happened to the future prospects of a corporation is foolishness.
But, you are still nuts...And nuts with an online, phony, embellished persona that is used to make political points.
Thus, you did so with your asserted, speculated "demise" of Denny's based on nothing stronger than your desire to make them look that way because of its negative, expensive light towards the ACA.
To make opinionated statements that Denny's has been on a TEN PLUS YEAR decline, thus touting its "demise" without such evidence is at least remarkable and worth noting.
And, that "opinionated" statement about Denny" 10+ year decline is not about future events -- it is about the past -- yet you have nothing to substantiate your assertion.
That would be like me getting pissed off at someone and vandalizing his car, then blaming HIM for my actions.
Wanting to limit hours in order to keep people from insurance so they may sicken and die so that one may maxmize profits IS stingy, in the LEAST! How can anyone see it otherwise?