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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)
FM 27.190.0%Jan 8 4:00 PM EST

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To: Chris Nevil who wrote (63)4/30/1997 6:25:00 PM
From: Arnie Doolittle   of 338
 
Chris, in an unusual twist, FM ran up after last qtr.'s earnings and then MCD dropped their bomb. I remember the sick feeling I had that morning when I saw FM's 2 point plus gap down and I couldn't find any reason for the drop. Then I grabbed the front page of the WSJ. Bah humbug! Especially since the MCD promo is all gas. Fortunately for us, I don't think it will affect Jack. I don't expect a repeat of that after-earnings runup because it will take another quarter before investors will see the lack of impact on FM caused by MCD. What are your thoughts about Carls Jr.'s acquisition?

Arnie
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