The unusual thing about JACK now is the fear to sell this stock. Why? Because of all the talk this past six months about the possibility of a sale of the company following the CKE Restaurants and Burger King buyouts. Let me tell you, there is no worse feeling than to see a stock you recently sold suddenly in play as a buyout situation. Your company going bankrupt is on a par with this sort of disappointing circumstance. It happened to me once in my career with a drug store stock that overnight went from $12. to $18. a share. I had held on to it faithfully for several years and then let it go a couple weeks before the deal was announced. Never again, I vowed. Where there is smoke there is fire, and with JACK anybody who sells it now exposes themselves to this disastrous possibility of profound disappointment. This is one reason this stock holds in so nicely. Few dare sell it who know the good chance this company will sellout at a point. When, nobody knows; but that isn't the point. The point is sheer dread if one should sell and then have it snapped up for a 40% premium. Best, Big J in L.A.
Understood and agree. This is a company and stock that has probably seen the worst the economy and market can throw at it. Unless a holder needs the money, don't sell as this one will just require some patience until its strengths are realized. Lots going for it. A strong (though un-focused) menu and following. Impossible to duplicate today their franchise and locations. Buy on any pullback and just be patient.