Domino's to feed Catholic charity

CBS MarketWatch.com ^ | 11 July 2004 | Steve Gelsi

[NavySEAL F-16]

NEW YORK (CBS.MW) -- Investors are craving the Domino's Pizza IPO due early next week in a deal that'll deliver stock worth at least $40 million to a Catholic charity established by Thomas Monaghan, the pizza chain's founder.

The company that started out selling pizza to hungry University of Michigan students in 1960 plans to go public as early as Monday at a price range of $15-$17 per share, with more than 10 percent of the offering devoted to raising funds for the Ave Maria Foundation.

[NavySEAL F-16]

Some good news! It will be trading under the symbol DPZ on the NYSE.

[bd476]

NavySEAL F-16 said: "Some good news! It will be trading under the symbol DPZ on the NYSE."

LOL! Pizza is always good news.

[Romish_Papist]

Well, then. It's nice to see a company that does this kind of thing. Domino's will get my business from now on when I hunger for a slice! :)

[NavySEAL F-16]

Thomas Monaghan also is starting/financing a Catholic college in Florida. IIRC, the first class starts this fall. He felt that there weren't enough "true" Catholic universities. He was also behind starting the Ave Maria Law School in Michigan. Their first time bar passing rate is incredible. Reason -- Catholic lawyers cannot practice the law with Catholic belief system.

He was highly criticized by a lot of Catholic academics. They felt he should use "his" money to give to the Catholic universities already in existence (like theirs) -- not to start a new school! LOL. Nothing like a true liberal to tell one how to spend their own money.

[Notwithstanding]

Important Clarification:

Monaghan or his Ave Maria Foundation own 10% of Dominos.

He sold the other 90% at least 5 years ago.

He no longer calls the shots at Dominos and the company does not donate to the Ave Maria Foundation.

The 10% to Ave Maria is due to Monagahan or the Ave Maria Foundations 10% ownership.

[Notwithstanding]

Proud graduate of the inaugural class of the Ave Maria School of Law.

[NavySEAL F-16]

My congratulations to you!

[Willie Green]

Congratulations!

[NavySEAL F-16]

From the article:

Monaghan, known for his support of conservative causes, plans to sell about 3 million shares, worth about $48 million, all of which have been earmarked for the Ave Maria Foundation.

[narses]

The highest scores of any law school on the Bar, as I recall, yes?

[Notwithstanding]

thanks

my tagline is the school motto

I cannot explain what a privilege it was to be a member of the first class.

A great legal education - but SO MUCH MORE!

[NavySEAL F-16]

withOUT a Catholic belief system

I hope everyone read it that way.

[Ann Archy]

WOW...Cool.....Congrats!! I love Tom Monaghan.