Phony Obamacare Scapegoating

Here's an article from The Street (hardly an Obama apologist website) suggesting that investors be wary of companies that are blaming Obamacare for all their business problems.  Papa John's, for example, seems to have expense issues from management incentives and bonuses rather than hourly workers.  My own attitude is that if you complain that Obamacare is putting you out of business, then you probably aren't a viable business anymore. Most companies seem to be adjusting without whining about it.

As an investor, I will assume that if management is complaining about the Affordable Care Act, it has management issues and is using the ACA as an easy scapegoat to mask its management deficiencies.  There are plenty of other companies to invest in.