Can't understand this stock. Great fundamentals,
great management, same store sales up while competitors
are down, 19 straight quarters of good earnings...and
the price is down! I'm looking at options with an
expiration just after the projected earnings announcement
date. Any suggestions xtgo?
I believe we kept seeing selling for tax
I saw this in 98 on PSUN...bought then @ 16, went
to 12, the to 30, where I sold...then split and went
to 30 again..LOL..oh well....
I was thinking of
buying more JBX in the week between Christmas and New
Years when I know that year-end tax loss reason is done
See you all at 30+ in 2000!!
I think it's testament to JBX's underlying value
that it can recover lost ground fairly quickly once
the selling pressure subsides. Whoever wanted out of
JBX was willing to dump shares at almost any price.
Let's hope the drop to $18 3/16 was a blowoff and that
the selling is over for '99. Larger bid vs. ask sizes
have been pretty steady lately.
The new oils taste much better, IMO. I was never
a fan of lard and bacon grease. I guess I am one of
those do-gooders you refer to somewhat disparagingly,
because I'm all for healthier food. But I did take a
shower this morning.
The problem with all fast food fries is the oil.
I wish they'd go back to the bad stuff they used
for decades until the do-gooders raised a
OT - Take a look at the press release that CKR
issued this p.m. Looks like they shot themselves in the
foot again. How low can they
Hey, we finally closed UP today. That's more like
If you haven't already done so, try the spicy
chicken sandwich, my favorite. It's not exactly a low fat
item, but it's a nice treat with fresh lettuce and a
juicy tomato. And if you really want to toss a nuclear
bomb on your calorie allowance, order an Oreo Cookie
Now, I have to say that I have never been a fan of the
"new" french fries. To me they taste more like crispy
grease and less like potatoes. That goes for all of
other chains that have gone to this "crispier" method.
And they get hard fast when they're cold, more like
those old fries you discover months later under your
car floormat. (and you don't want to think about why
there's never any mold on them no matter how old they
are) I wasn't a big fan of the old JITB slimey soggy
fries, either, so I guess this is the lesser of two
evils. My current favorite french fries are the crinkle
fries at Del Taco. They still taste like
As always, do your own research (especially when
Yesterday, with Tuesday's five star House of Pig
sensations in lingering my mind's mouth, on the way home
from a midday performance in Alpine, I stopped at a
relatively new store in East County off of I8 for a late
lunch. Imagine my chagrin when the fries arrived in a
sub standard state of warmth and crispness. I told
the nice young fellow at the counter that Jack and at
least two Davids would definitely not be happy with the
product. He returned shortly with a larger portion of
right-out-of-the-fryer spuds. Jack would be proud. A good company
I agree that the ATO program can cause longer
waits, but the result is fresher, better tasting food
that most customers will be willing to wait a little
longer for. But rest assured, JBX recognizes that they
need to improve ATO throughput, and in fact they see
substantial room for improvement, which they are
As for your claim that "insider news of this
shocking decrease in same store sales, has been leaked to
small institutions...": NOT. The ATO initiative has
been phased in over many months. If this was causing a
decline in same-store sales as you say, why were the most
recent 4Q99 PSAs still up 9.3%?
same-store average weekly sales are quoted for stores open
one year or more, according to the management
discussion in their 10Q.
I like your thinking. Well said. Unfortunately,
value investing has been out of favor for a while now.
And there are a lot of other good companies that have
declined for no fundamental reason. Today we had 52 new
highs, but 573 new 52-week lows on the NYSE. I guess we
should feel fortunate that JBX is still above its own
Like you, I find it helps to focus on
where we think this stock will be 6 months or 1 year
from now, or even better, in 5 years when they are
nationwide and the #4 or #3 burger chain.