Stock acting great in choppy market. Conference call said large percentage of food costs were hedged. Not huge impact. Good recent insider buy. Qdoba remains the "ace in the hole". All in all, a good turnaround story for patient investors.
I will add to the recent comment the thought that JACK acts like a sold out security, which is to say not too many sellers around. Add to that the 3.6 million shares sold short which gives a high short sale ratio and we have a very positive potential on the upside given any good news whatsoever. Remember, this baby has a floor under it given the private equity interest in the group. Patience is indeed the key, and above all do not get scared away at this point with a recovery underway in California. Big J in L.A.