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Jack in the Box Inc. Message Board

  • john.heil2 john.heil2 Mar 11, 2010 12:28 PM Flag

    Two developments

    The first is a rather interesting long term development for JACK with the reconstituting of their french fries. I tried them on Monday and am amazed at the resemblence to McDonald's fries. And we all know that for years the kids all rated Big Mac's fries numero uno.
    The second matter is of much greater significance I believe. Mr. Peltz, the aggressive acquisitor who battled tooth and nail to acquire Wendy's over a long period of time, badgering the board ad infinitum, has spotted a good thing and according to the New York Post, and a confidential source, is now eyeing CKE restaurants with the possibility of a counter offer to the one on the table at $11.05. This is important for JACK because it reinforces the solid impression that there is value in this kind of company at this point in the economic cycle. I am now expecting JACK to top out near term close to 24. before retreating probably back to 22.50 over the spring period. I had wished it would touch down at that level now, but with Peltz in the picture at CKE Restaurants, I doubt it will happen. Just too much buzz on both coasts about stocks like BKC, SONC and of course JACK. These are cheap and the right people appear to realize it.
    Big J in L.A.

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