Companies to Avoid Due To Their Actions During the COVID-19 Pandemic

There are many “bad actors” out there trying to take advantage of the COVID-19 pandemic in America. Some large, very profitable businesses are requesting grants or loans meant for small businesses, the backbone of the economy.  Some of these companies have returned the money, but only after a backlash from the media and public. The mear fact that they asked for it should warrant you and I to not use their products or services, once we all go back to work and life goes back to a new normal.

I will update this as I hear of these companies. So check back often.

Restaurants

J. Alexander’s

J. Alexander’s Holdings owns this restaurant: Requested $15.1 million and has a market cap of $74 million. The CEO of this company made $1,460,890 in 2018! In 2018 they took in over $242 million in revenue.

Kura Sushi

This restaurant requested $6 million and has a market cap of $78 million. They have locations in California, Texas, Washington, Florida, Michigan, Washington D.C., Georgia, Illinois, Nevada, and New Jersey. In 2019, they had $36 million in cash assets with total assets of over $76 million!

Lyndhurst Grill

J. Alexander’s Holdings owns this restaurant: Requested $15.1 million and has a market cap of $74 million. The CEO of this company made $1,460,890 in 2018! In 2018 they took in over $242 million in revenue.

Merus Grill

J. Alexander’s Holdings owns this restaurant: Requested $15.1 million and has a market cap of $74 million. The CEO of this company made $1,460,890 in 2018! In 2018 they took in over $242 million in revenue.

Overland Park Grill

J. Alexander’s Holdings owns this restaurant: Requested $15.1 million and has a market cap of $74 million. The CEO of this company made $1,460,890 in 2018! In 2018 they took in over $242 million in revenue.

Pollo Tropical

This restaurant, owned by the Fiesta Restaurant Group requested $10 million and they have a market cap of $189 million.

Potbelly

The sandwich shop requested $10 million. They said they will return it. They have a market cap of $85 million!

Redlands Grill

J. Alexander’s Holdings owns this restaurant: Requested $15.1 million and has a market cap of $74 million. The CEO of this company made $1,460,890 in 2018! In 2018 they took in over $242 million in revenue.

Ruth Chris

1280px-ruths_chris_logo.svg_The steak restaurant, Ruth Chris requested $20 million. The owner of the Ruth’s Chris Steak House has said it will repay $20 million in federal loans after facing backlash for its access to the money, which was meant to aid small businesses. But the company has also enjoyed several years of profits. Last year, Ruth’s earned a profit of $42 million on revenue of $468 million. In turn, the company last year spent about $42 million on share repurchases and paying out dividends.

In 2018, Ruth’s Chris CEO and President Cheryl J. Henry’s total compensation package, including salary and stock awards, was more than $6,100,000. There are more than 150 Ruth’s Chris steakhouses in the US.

Shake Shack

This restaurant requested and received $10 million. They have reportedly returned it.

Stoney River

J. Alexander’s Holdings owns this restaurant: Requested $15.1 million and has a market cap of $74 million. The CEO of this company made $1,460,890 in 2018! In 2018 they took in over $242 million in revenue.

Taco Cabana

This restaurant, owned by the Fiesta Restaurant Group requested $10 million and they have a market cap of $189 million.

Sports

L.A. Lakers

los-angeles-lakers-logo-purple-trademark-kitchen-dining-tables-nba2000-lal-c3_1000The Los Angeles Lakers requested and received $4.6 million. They have reportedly returned it. The team is worth $4.4 billion! This is just bad sportsmanship!

Food Manufactures

Unfortunately, many of the companies that produce out food in America are forcing workers to work without proper testing and PPE!

JBS USA

JBS USA Holdings, Inc. is an American food processing company and a wholly-owned subsidiary of JBS S.A., a Brazilian company that is the world’s largest processor of fresh beef and pork, with more than $50 billion just in the United States in annual sales as of 2017.

JBS brands include 5 Star Beef, Aspen Ridge Natural Beef, Blue Ribbon Angus, Cedar River Farms, Chef’s Exclusive, Clear River Farms, G.F. Swift 1855 Brand, Liberty Bell, Moyer, Packerland, Showcase Premium Ground Beef Swift, Pilgrim’s Chicken, Swift Premium.

Smithfield

Smithfield Foods, Inc., is a meat-processing company based in Smithfield, Virginia, in the United States, and a wholly-owned subsidiary of WH Group of China. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world.

In 2016, Smithfield had sales of over $10 billion in just 9 months. So why can’t they take care of their workers?

Smithfield’s brands include Eckrich, Nathan’s Famous, Farmland, Armour, Farmer John, Kretschmar, John Morrell, Cook’s, Gwaltney, Carando, Margherita, Curly’s and Healthy Ones.

Tyson

Tyson Foods, Inc. is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry. The company is the world’s second-largest processor and marketer of chicken, beef, and pork after JBS S.A. and annually exports the largest percentage of beef out of the United States.

In the past 6 months, Tyson had sales of almost $22 billion dollars! So why can’t they take care of their workers?

Tyson’s brands include Jimmy Dean, Hillshire Farm, Hillshire, Ball Park, Raised & Rooted, aidells, State Fair, Nature Raised Farms, Sara Lee, Wright Brand, Bosco’s, Gallo Salame, Bonici, The Bruss Company, Chairman’s Reserve, ibp, Lady Aster, Mexican Original, Open Prairie Natural Meats, Star Ranch Angus, Wonderbar, AdvancePierre, Barber Foods, Big AZ, Fast Fixin, Hot ‘n’ Ready, Jamwich PB, Landshire, Russer, Steak Eze, Orginal Philly Cheesesteak Co, Bryan, True Chews, TopChews, Nudges, and Ruben.

Other Companies

Here are more companies you might have never heard of to avoid.

  • Adamis Pharmaceuticals: Requested $3.2 million and has a market cap of $26 million. In one quarter in 2019, they had almost $6 million in sales.
  • Air T (holding company): Requested $8.2 million and has a market cap of $37 million. In 2018 they had $194 million in revenue!
  • Aquestive Therapeutics (pharmaceutical): Requested $4.8 million and they have a market cap of $122 million.
  • Broadwind Energy: Requested $9.5 million and have a market cap of $24 million. In 2019, they had sales of over $178 million!
  • Conformis (hip and knee replacements): Requested $4.7 million and they have a market cap of $47 million. Their revenue in 2019 was almost $77 million!
  • CPI Aerostructures (aircraft parts): Requested $4.8 million and they have a market cap of $35 million. In 2017 they had reported over $81 million in revenue. Also in 2017, they had over $124 million in total assets.
  • Crawford United: Requested $3.7 million and has a market cap of $36 million. Brands are AIRENTERPRISES, CAD ENTERPRISES, data genomix, Federal Hose and MPI. In 2019, they had sales of $21 million.
  • Digimarc (software): Requested $5 million and has a market cap of $192 million.
  • DMC Global (metalworking): Requested $6.7 million and has a market cap of $405 million.
  • Emmis Communications (American media conglomerate): Requested $4.8 million and has a market cap of $23 million. In 2019, they had revenue of over $114 million!
    They own radio stations in New York, Austin Texas, and Indianapolis Indiana.
  • ENGlobal (engineering services): Requested $4.9 million and they have a market cap of $24 million.  In the first quarter of 2020, they had sales of over $19 million!
  • Escalade (sporting equipment): Requested $5.6 million and they have a market cap of $104 million. They make the brands: Bear Archery, Trophy Ridge, Whisker Biscuit, Cajun Bowfishing, Karnage, Fletcher, Rocket, SIK, BearX, STIGA, Ping-Pong, Goalrilla, Goaliath, Silverback, Hoopstar, Goalsetter, Vuly, Woodplay, ChildLife, The STEP, USWeight, Lifeline, Kettleworx, Natural Fitness, PER4M, Atomic, American Legend, HJ Scott, Triumph Sports, Mizerak, Lucasi, PureX, Rage, Players, Cue&Case, Unicorn, Accudart, Arachnid, Nodor, Winmau, Zume Games, Pickleball Now, Onix, Viva Sol, Triumph Sports, Victory Tailgate, DURA
  • Flotek Industries (specialty chemicals): Requested $4.8 million and has a market cap of $52 million. Their revenue for 2018 was almost $178 million!
  • Frequency Electronics (satellite telecommunications): Requested $5 million and has a market cap of $86 million. In 2019, they had almost $47 million in working capital!
  • Legacy Housing (manufactured homes): Requested $6.5 million and has a market cap of $229 million. The website seems to be down or gone!
  • Lindblad Expeditions (cruise ships): Requested $6.6 million and has a market cap of $264 million.
  • MannKind (biopharmaceutical ): Requested $4.9 million and has a market cap of $273 million.
  • Misonix (medical equipment made in China): Requested $5.2 million and has a market cap of $198 million.
  • Natural Gas Services: Requested $4.6 million and they have a market cap of $65 million. In 2018 they had total assets of $305 million. In 2018, the CEO made a whopping $3,032,250!
  • New Age Beverages (natural beverages): Requested $6.9 million and they have a market cap of $137 million. The beverages they make are Xing, Volvic Water, Nestea, Bucha, WATERisLIVE, and ‘NHANCED.
  • OptiNose(pharmaceutical company): Requested $4.4 million and has a market cap of $180 million.
  • Quantum Corp. (storing and managing video content): Requested $10 million and has a market cap of $151 million.
  • PolarityTE (biotech): Requested $3.6 million and they have a market cap of $44 million. In 2018 they had an income of $673 million!
  • Prema-Fix Environmental (nuclear waste treatment): Requested $5.7 million and has a market cap of $74 million. In 2019 they had over $73 in revenue!
  • Protech Home Medical (medical equipment): Requested $6 million and has a market cap of $65 million. In just one quarter in 2019, they made over $21 million.
  • Ultralife (power solutions & communications systems): Requested $3.5 million and has a market cap of $99 million. They made $25.8 million in the first quarter of 2020!
  • U.S Auto Parts: Requested $4.1 million and has a market cap of $81 million. Brands include carparts.com and JCWhitney. Gross profit in 2019 was $84.2 million!
  • Veritone(an operating system for artificial intelligence): Requested $6.5 million and has a market cap of $101 million.
  • Wave Life Sciences (biotech): Requested $7.2 million and has a market cap of $286 million. Headquarters in Singapore.
  • ZAGG (consumer electronics): Requested $9.4 million and has a market cap of $101 million. Their brands are InvisibleShield, mophie, BRAVEN, IFROGZ, Gear4, and HALO.

Summary

What are your thoughts? Should there be others on this list? Please let me know by making a comment below.

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