% | $
Quotes you view appear here for quick access.

Jack in the Box Inc. Message Board

  • freshbread4u freshbread4u Jul 28, 2010 12:56 PM Flag

    Blue Harbor files 13D

    This morning there was a quick rise of the stock after news was released that Blue Harbor Investments of Greenwich, Ct, now owns just over 5% of the company's stock. The stock was purchased almost daily in June and July.

    This is good news in my opinion. Blue Harbor says that it has purchased for investment purposes only, but Blue Harbor's idea of investment purposes is more active than most. This group makes clear that it is an activist shareholder that will work with the company to unlock shareholder value. One of my colleagues tells me that he thinks Blue Harbor will push Jack to spin of Qdoba. Since there is essentially nothing in the current price of JACK for Qdoba, this would be a big plus for shareholders. I hope he is correct. No matter what happens to Qdoba, however, Blue Harbor's entrance into JACK will push management to get the stock up. That can only help.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
91.07+1.84(+2.06%)Jul 22 4:00 PMEDT