It's now below $10. The stock has fallen 73% in five years.

I don't know how management still have jobs after doing nothing but destroy shareholder value since the IPO.

Dick Portillo cannot be happy.

Dick Portillo sold it for a billion dollars few years back . I guess he gives fuck all about it right now.

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Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

Even if it made you a billion dollars it would be hard to watch a company that you started and probably loved decline. We used to order there every couple months and use it for catering quite a bit. In the last year or so we ordered maybe once and thought it's not very good and then used others for catering. It was such a good solid baseline for beef. It's a bummer I got bad food and no money out of the deal.

There are a lot better places to get beefs.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

PE bought them, destroyed the product and will run them into the ground.

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What's the deal tho? Did they buy cheaper ingredients? Forget about the proper preparation?

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Agreed. Portillos is garbage.

the new one in madison carved out a huge chunk of a dying malls parking lot. lines wrapped around the building for about 3 weeks. employees outside taking orders and directing traffic, it was insane.

few months later, its a ghost town. horribly, horribly managed company.

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the world will always the world. your entire existence is defined by your response.

Here's the article that basically says Berkshire is building up real-estate, making the existing restaurants run more efficiently, and then trying to get as much profit as possible:

https://www.restaurantdive.com/news/behind-portillos-growth-strategy-to-reach-920-units/696330/

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Probably the minimum wage hike. Right pittmike?

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

PE ownership of real estate is an actual problem that needs government intervention.

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Pretty brave to poke the bear on a Monday afternoon.

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so theyre trying to convert portillos into mcdonalds. great. authentic chicago meals my ass.

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the world will always the world. your entire existence is defined by your response.

The Freakonomics podcast (yeah I'm a complete nerd, just say it) has been focusing a few episodes now on PE. Its... enlightening. The stuff on the veterinary market was relevant since I've switched away from two vets now that had been bought out by PEs after the quality of care went down the shitter.

"Are Private Equity Firms Plundering the US Economy?" - https://freakonomics.com/podcast/are-pr ... s-economy/

"Do You Know Who Owns Your Vet?" - https://freakonomics.com/podcast/do-you ... -your-vet/

"Should You Trust Private Equity to Take Care of Your Dog?" - https://freakonomics.com/podcast/should ... -your-dog/

"Should Companies Be Owned by Their Workers?" - https://freakonomics.com/podcast/should ... r-workers/

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residential vets only exist because people dont realize pets are replaceable

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the world will always the world. your entire existence is defined by your response.

Most pets. I can't replace my dog. At the same time, it blows my mind that someone would take a guinea pig in to a vet for a $300 surgery.

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You beat me to it.

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Elections have consequences.

Portillos went woke!

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you will be replacing the dog when it dies anyway tho

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the world will always the world. your entire existence is defined by your response.

I wish their drive thru service would wake up.

There is no reason they shouldn't have figured out how to cut down on the queue and wait times by now.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Dick is in Naples on his massive yellow yacht named Top Dog. Probably does not care.

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You cannot make me care about the WNBA.

Inside is even worse. I’ve been in on a Saturday for lunch and they had one person working the register.

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Funny how most of us here agree Portillo's is garbage and the experience of eating in or getting take out is a miserable experience....yet their locations are always jam packed with people.

My 23 yr old step-daughter loves Portillo's. That says it all.

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I have zero issues with Portillo’s food . It isnt “ garbage “ . The hotdogs are fine as are the beefs . It’s just horribly overpriced

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Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

Maybe they view the queue as an advertisement. "Look at that line...they must have great food".

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Mr. Trump is unfit for our nation’s highest office.- JD Vance
When a clown moves into a palace, he doesn't become a king. The palace turns into a circus. - Turkish Proverb

i stopped going to my local portillos because they kept fucking up orders and took forever for online orders/carryout.

i went a few weeks ago after not having gone for a couple of years and the pricing was insane and quality was shit. and i experienced the register issues jawbreaker did. it was lunchtime and they had one person at the register with a line nearly out the door for 10-15 minutes before someone finally opened a second register

Portillo's has average beef and average hot dogs, so calling it garbage is a bit unfair. I'll give you that.
Their burgers are garbage.
The whole experience of getting food at Portillo's is garbage.

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getting food from any corporation sucks these days. maybe texas roadhouse is the only one that still holds water.

theres so many local family owned places to eat, i never have much desire to go anywhere thats a national name. culvers would be an exception, but theyre still regional. portillos only has 86 locations, but theyre peppered all over the country.

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the world will always the world. your entire existence is defined by your response.

No one is asking the real hard hitting question? Do they have an app I can download where there are better deals on food and drinks?

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Flew too close to the sun on wings of pastrami

Great question. I have no idea why anybody would complain about prices tripling when they can just use an app to save $0.25 on an XL chocolate cake shake.

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