Good news as finally, finally, comps are improving and the outlook is favorable. This is the turnaround we have been waiting for. Now everything falls into place for a smashing 2012 and 2013.
The other major announcement, and it is a zinger, the company this month, May 2011, said that its board of directors authorized ANOTHER $100 million share buyback. WOW! Unprecedented in their history. I just hope they have been buying the heck out of the stock the last month or so. That is the silver lining with the price being down, the company socks away more cheap shares to "Jack" up future EPS.
Can't wait to hear the conference call tomorrow A.M. Don't miss it. There should be an entirely different tone from now on.
Big J in L.A. (retired security analyst; I followed the restaurant, lodging and gaming industries for 14 years when an analyst with The Foristall Co., member The Los Angeles Society of Security Analysts.)
JACK seems to be holding up well today with the market being down 132 points and jack up on the day. JACK and AT&T only thing I see green today in my holdings. Maybe the way the USA is going everyone will only have money for a jumbo jack
That is an erroneous proposition. Insider tallies of shares owned are monitored on a regular basis. They would have to account for the sale one way or the other when the month to month totals are compared. Big J
Hey Big J, What do you think of the Qdoba developments? Comps look strong and they seem to be owning more than franchising. I've always thought of Qdoba as their hiden gem. Hopefully it will start to transalate into mega EPS.
Oh yeah! One analyst said that Qdoba's potential was so outstanding, it could become a bigger contributor than the JACK operation itself. I have said all along: you are getting two companies for the price of one. Which is to say, JACK sells so cheap, you are getting Qdoba for virtually nothing. Big J in L.A.