Mar

19

Chick fil AWatched the market soar today as the Fed cut rates by 3/4%. Now the news tonight is full of political commentary by the pundits. This country is in serious trouble and the press is engulfed in picking apart someone's speech that he made today. Be ready for real estate to plummet and for some big builders to fall this summer as the subprime mess further unfolds .
 
The economy should be what everyone is addressing as it is affecting all of us and our cost of living. Yes our next President will have some input on what direction the USA goes, but our weak dollar, fuel costs, food increases across the board (especially eggs, milk, bread) should be our biggest concern.
 
I know one company that is bullish on our local economy: Chick-fil-A. They have been in our local mall for 12 years and are currently demolishing a closed Ponderosa and will begin constructing a free standing all-brick unit, with inside playground and drive-thru, that will employ 60-90 workers. People have to eat. My best friend owns the mall unit and will own/manage this one as well and it will be closed on Sunday. Chick-fil-A is an interesting story — owned in total by one family.

Steve Leslie writes:

Chick-fil-A is a real American story. I liken it to Dave Thomas, the founder of Wendy's. Entrepreneurs should read Truett Cathy's autobiography as well as some of his other books. He is a devout Baptist philanthropist and just a wonderful man and a great American. My stepson worked as a camp counselor in Georgia for the Cathy foundation. I can't say enough as to what an inspiring figure and icon he is.

On the business front, I recently saw an interview with Dan Cathy, Truett's son, who now runs the organization and he mentioned not surprisingly that they are aggressively expanding into China and Asia. On a marketing note, I think this is pure genius — a cow holding a placard with their slogan "Eat Mo Chikin."

Dan Costin adds:

Went through South Carolina a couple of weeks ago, subsisted on Chick-fil-A and Maurice Bessinger's barbeque. Both manage to antagonize various portions of the population (Maurice likes to display literature about alternative interpretations of Civil War outcomes in his stores, and flies a big Confederate flag) but you just leave your own values at the door and go in to enjoy the good food. Not unlike visiting foreign countries with different belief systems.


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