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Jack in the Box Inc. Message Board

  • john.heil2 john.heil2 Jun 22, 2011 4:52 PM Flag

    2000+ Qdoba

    At the Jeffries consumer stock conference today, a mention was made that Qdoba could have in excess of 2,000 locations in the future. The analogy with Chipotle is compelling, and some have speculated that Qdoba could stand on its own as a public company commanding a 35X price earnings ratio. The key here is that they would have a simultaneous IPO if there was a spinoff which, just like Chipotle, would generate a debt free balance sheet and plenty of capital to expand aggressively. Hence one dares not trifle with this dynamite situation given that a spinoff of Qdoba would be a huge and instantaneous plus for JACK holders. This is why the stock just is not going down much from here. Ignore the know-nothings on this board who have been so wrong on JACK when commenting it would crack 20.00. Instead it is up over 12% since then and in a defensive stock market. Whereas oil is cracking on the downside and should tank further. Imagine those who took the advice to buy oil at the top. What a disaster if they involved in the futures market. It is disgraceful that anyone would get on this board and encourage someone to gamble on the oil futures market. For the rest of us, the sane ones, keep the faith on JACK. It is up ten days straight now and a real winner. I should think $25. is a realistic target price looking to the end of this year.

    Big J in L.A. (retired security analyst, The Foristall Co., members Los Angeles Society of Security Analysts. I covered the lodging/hotel, gaming, and restaurant industries for 14 years)

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