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Jack in the Box Inc. Message Board

  • denn56k denn56k Mar 1, 2013 4:22 PM Flag

    Jack must be thinking a Qdoba spin-off

    yeah they are making $$$ but not enough to have this 50% run in such a short time...Remember, Jack still has the least likable food in the FF segment and over all has a lot of work to do to change....All their current buildings, both interior and exterior are horrible, its like eating in the workers lunch room at XXX Auto Recyclers Company.

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    • I'll give you a pass on the food comment since that's just a matter of taste but you obviously know little else about JACK and why its made this big run. The stock has completed a major re-franchising effort (exactly what WEN and BKW are just now undertaking). They have completed a major renovation of almost all of their restaurants. They have closed a number of lower producing stores. They have undertaken a major menu simplification. And, as a kicker, Qdoba has been a huge winner (and, indeed, may someday be spun-off). Their comps have been strong. Bottom line, JACK is in the midst of a major turnaround and the market has recognized it. At 20+ times earnings, it is a tad rich right now but is a serious buy on any meaningful pullback. If the market macros hold, it can work into the $40s.

      Sentiment: Hold

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