{"id":77447,"date":"2021-12-15T08:09:55","date_gmt":"2021-12-15T16:09:55","guid":{"rendered":"https:\/\/covestreetcapital.com\/?p=77447"},"modified":"2022-01-11T09:29:48","modified_gmt":"2022-01-11T17:29:48","slug":"joint-corp-ceo-peter-holt","status":"publish","type":"post","link":"https:\/\/covestreetcapital.com\/joint-corp-ceo-peter-holt\/","title":{"rendered":"Creating a Niche Global Franchise with The Joint Corp. CEO Peter Holt"},"content":{"rendered":"<p>Our guest on Episode 2 was Peter Holt, the CEO of The Joint Corp. The Joint is a $950 million market cap company that operates and franchises a chain of chiropractic offices. The company currently has over 600 total locations in about 35 states. Peter took the reigns as CEO of The Joint in 2016 and has overseen a stock that has appreciated from under $3 in 2016 to over $60 today. In fact, the company was distinctly unprofitable when Peter became CEO but has since started generating very healthy margins with limited capital expenditures. Given all of the recent success, I was excited to talk with Peter about:<\/p>\n<ul>\n<li>The demand drivers that have been propelling the company over the last five years;<\/li>\n<li>The elements that have allowed the stock to appreciate so rapidly in recent times;<\/li>\n<li>How he goes about making sure the company doesn\u2019t grow too fast; and<\/li>\n<li>How Peter thinks about creating win-win relationships with franchisees<\/li>\n<\/ul>\n<p><em>*For full disclosure, Cove Street is not a JYNT shareholder.<\/em><\/p>\n<p>Please enjoy the show at the following sites:<\/p>\n<p>Apple: <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/creating-a-niche-global-franchise-with-peter-holt\/id1579124518?i=1000544906891\" target=\"_blank\" rel=\"noopener\">https:\/\/podcasts.apple.com\/us\/podcast\/creating-a-niche-global-franchise-with-peter-holt\/id1579124518?i=1000544906891<\/a><br \/>\nYouTube: <a href=\"https:\/\/www.youtube.com\/watch?v=HDbLLFUlqVQ\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=HDbLLFUlqVQ<\/a><br \/>\nPodbean: <a href=\"https:\/\/compounders.podbean.com\/e\/creating-a-niche-global-franchise-with-peter-holt\/\" target=\"_blank\" rel=\"noopener\">https:\/\/compounders.podbean.com\/e\/creating-a-niche-global-franchise-with-peter-holt\/<\/a><br \/>\nSpotify: <a href=\"https:\/\/open.spotify.com\/episode\/4bjYmAZ6WXY9sQFvHaXBeb\" target=\"_blank\" rel=\"noopener\">https:\/\/open.spotify.com\/episode\/4bjYmAZ6WXY9sQFvHaXBeb<\/a><\/p>\n<p>As always, if you have any comments, feedback, or guest recommendations, please contact us at <a href=\"mailto:podcast@covestreetcapital.com\" target=\"_blank\" rel=\"noopener\">podcast@covestreetcapital.com<\/a>. You can also follow the podcast on Twitter @ <a href=\"https:\/\/twitter.com\/CompoundersPod\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/CompoundersPod<\/a>.<\/p>\n<p><iframe title=\"Creating a Niche Global Franchise with Peter Holt, CEO of The Joint Corp. (NASDAQ: JYNT)\" width=\"800\" height=\"450\" data-src=\"https:\/\/www.youtube.com\/embed\/HDbLLFUlqVQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe><\/p>\n<p>Incase you missed the last Compounders Podcast with Ben Gliklich, CEO of Element Solutions, Inc., you can <a href=\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/\" target=\"_blank\" rel=\"noopener\">view it here<\/a>.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-77448 lazyload\" data-src=\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/12\/Tegus_logo.jpg\" alt=\"\" width=\"86\" height=\"44\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 86px; --smush-placeholder-aspect-ratio: 86\/44;\" \/><noscript><img decoding=\"async\" class=\"alignnone wp-image-77448\" src=\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/12\/Tegus_logo.jpg\" alt=\"\" width=\"86\" height=\"44\" \/><\/noscript><\/p>\n<p>Compounders is <a href=\"https:\/\/www.tegus.co\/compounders\" target=\"_blank\" rel=\"noopener\">sponsored by Tegus<\/a>. With Tegus, you can learn everything you\u2019d want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 25,000 calls on former Compounders guests such as Viasat, Element Solutions, Avid Technology\u2014or almost any company of interest. All you have to do is log in. If you&#8217;re ready to go deeper on any company and you appreciate the value of primary research, head to <a href=\"https:\/\/www.tegus.co\/compounders\" target=\"_blank\" rel=\"noopener\">tegus.co\/compounders<\/a> for a free trial.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our guest on Episode 2 was Peter Holt, the CEO of The Joint Corp. The Joint is a $950 million market cap company that operates and franchises a chain of chiropractic offices. The company currently has over 600 total locations in about 35 states. Peter took the reigns as CEO of The Joint in 2016 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9238,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[73,31],"tags":[],"class_list":["post-77447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts-recordings","category-thoughts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Creating a Niche Global Franchise with The Joint Corp. CEO Peter Holt &#8212; Cove Street Capital<\/title>\n<meta name=\"description\" content=\"Cove Street Capital &#8212; Creating a Niche Global Franchise with The Joint Corp. CEO Peter Holt &#8212; Our guest on Episode 2 was Peter Holt, the CEO of The Joint Corp. The Joint is a $950 million market cap company that operates and franchises a chain of chiropractic offices.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/covestreetcapital.com\/joint-corp-ceo-peter-holt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creating a Niche Global Franchise with The Joint Corp. CEO Peter Holt &#8212; Cove Street Capital\" \/>\n<meta property=\"og:description\" content=\"Cove Street Capital &#8212; Creating a Niche Global Franchise with The Joint Corp. CEO Peter Holt &#8212; Our guest on Episode 2 was Peter Holt, the CEO of The Joint Corp. The Joint is a $950 million market cap company that operates and franchises a chain of chiropractic offices.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/covestreetcapital.com\/joint-corp-ceo-peter-holt\/\" \/>\n<meta property=\"og:site_name\" content=\"Cove Street Capital\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-15T16:09:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-11T17:29:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/07\/Podcasts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeffrey Bronchick, CFA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeffrey Bronchick, CFA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/covestreetcapital.com\/joint-corp-ceo-peter-holt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/covestreetcapital.com\/joint-corp-ceo-peter-holt\/\"},\"author\":{\"name\":\"Jeffrey Bronchick, CFA\",\"@id\":\"https:\/\/covestreetcapital.com\/#\/schema\/person\/32ec902c1d19238832ba33820aadf26d\"},\"headline\":\"Creating a Niche Global Franchise with The Joint Corp. 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