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Portillo's selling out?

Portillo's selling out?
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  • Post #241 - March 10th, 2021, 1:25 pm
    Post #241 - March 10th, 2021, 1:25 pm Post #241 - March 10th, 2021, 1:25 pm
    Santander wrote:Heads-up that Minnesota relatives I trust reported today that Portillo's employees indicated tamales have been permanently discontinued in (at least) the North Star State. YMMV, hoping this is not heading in the direction of Popeyes dirty rice and KFC potato wedges.


    If they were a solid profit center they'd still be selling. I'd guess it's a matter of no demand.
  • Post #242 - July 19th, 2021, 9:45 am
    Post #242 - July 19th, 2021, 9:45 am Post #242 - July 19th, 2021, 9:45 am
    It is seven years since Portillo's has been sold and now, they are looking for an IPO?

    https://www.nrn.com/fast-casual/portill ... 8b4f055215
  • Post #243 - July 19th, 2021, 11:56 am
    Post #243 - July 19th, 2021, 11:56 am Post #243 - July 19th, 2021, 11:56 am
    jlawrence01 wrote:It is seven years since Portillo's has been sold and now, they are looking for an IPO?

    https://www.nrn.com/fast-casual/portill ... 8b4f055215

    Yep, that's how it often works. P.E. comes in and buys it. Then, they pump it and dump it. The same thing is happening with Weber right now. $$ Cha-ching $$.

    =R=
    Same planet, different world
  • Post #244 - July 19th, 2021, 12:51 pm
    Post #244 - July 19th, 2021, 12:51 pm Post #244 - July 19th, 2021, 12:51 pm
    ronnie_suburban wrote:
    jlawrence01 wrote:It is seven years since Portillo's has been sold and now, they are looking for an IPO?

    https://www.nrn.com/fast-casual/portill ... 8b4f055215

    Yep, that's how it often works. P.E. comes in and buys it. Then, they pump it and dump it. The same thing is happening with Weber right now. $$ Cha-ching $$.

    =R=

    I'd sort of thought that Portillo's had been "pumped" to the max. Apparently the PE folk are hoping that the IPO folk will have enough ideas to squeeze out even more that the IPO will succeed.
  • Post #245 - July 19th, 2021, 10:45 pm
    Post #245 - July 19th, 2021, 10:45 pm Post #245 - July 19th, 2021, 10:45 pm
    ronnie_suburban wrote:
    jlawrence01 wrote:It is seven years since Portillo's has been sold and now, they are looking for an IPO?

    https://www.nrn.com/fast-casual/portill ... 8b4f055215

    Yep, that's how it often works. P.E. comes in and buys it. Then, they pump it and dump it. The same thing is happening with Weber right now. $$ Cha-ching $$.

    =R=


    I don’t understand the “dump it” reference. The current Weber owners will retain a majority stock position , and therefore control of the company after the IPO. They will presumably be enriched by the value of their stock and have cash to fund their business plans. One would assume the same thing will happen with Portillo’s.

    In the long run, the current management team might lose power (as Jobs did at Apple), and pressure from stock holders for quarterly profits and dividends could change the way the business is handled. But taking a company public is not the same as selling it.
  • Post #246 - July 19th, 2021, 10:51 pm
    Post #246 - July 19th, 2021, 10:51 pm Post #246 - July 19th, 2021, 10:51 pm
    scottsol wrote:I don’t understand the “dump it” reference.

    I should have said pawn off a (lame duck) portion of the company rather than "dump it."

    =R=
    Same planet, different world
  • Post #247 - September 27th, 2021, 8:23 pm
    Post #247 - September 27th, 2021, 8:23 pm Post #247 - September 27th, 2021, 8:23 pm
    Hot-Dog Restaurant Chain Portillo’s Files to Go Public on Nasdaq

    https://www.bloomberg.com/news/articles ... -on-nasdaq
    Never order barbecue in a place that also serves quiche - Lewis Grizzard
  • Post #248 - Yesterday, 7:22 pm
    Post #248 - Yesterday, 7:22 pm Post #248 - Yesterday, 7:22 pm
    For loyal Portillo’s customers, IPO puts a new item on the menu: shares in a favorite company.

    https://www.chicagotribune.com/business ... story.html
    Never order barbecue in a place that also serves quiche - Lewis Grizzard

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