An Interesting Bit of Nostalgia from My Childhood …

A pleasant bit of nostalgia today.  I was researching Papa John’s and it reminded me of the last time I read the report.  I was in 7th grade in a small town called Savannah (again, most of you know I lived in seven or eight different places  before I finished middle school so it’s sometimes necessary to clarify).  I was doing something for the student government association and was in the journalism room on the third floor.  We were there after school, the sun was starting to set, and the windows were open.  I had a copy of a Value Line report covering Papa John’s I had taken from the local public library (it cost, if I recall, 3 cents per copy) and was looking over the figures before deciding that it was “overvalued” based on Benjamin Graham’s approach.  I didn’t buy any, and haven’t in the years since.  That same day, I also read Applebee’s Value Line report (I must have been working my way through the restaurant group…).

As I sat here going through the cash flow statement, it was strange because it was like I was sitting back in that room, reading the report.  It’s funny what is locked away in our memories we don’t recall until something triggers it.

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