Papa Murphy's Faces Franchisees, Lockup Expiration
Papa Murphy's, The ready-to-cook pizza joint is down more than 20 percent since its May 2014 market debut, giving some market watchers heartburn in the process.
September's here, but some investors are breaking out their shorts -- for Papa Murphy's. The ready-to-cook pizza joint that debuted on public markets is down more than 20 percent since its May 2014 market debut, giving some market watchers heartburn in the process. Now, Papa Murphy's is facing a new set of challenges: the company recently had to give up its first year's franchise fees for new restaurant operators after a public backlash, which could cost it dearly. And, next month, we'll see Papa Murphy's stock set free of its IPO lockup -- potentially allowing some shareholders to bail.
