Jack-In-The-Box (JBX) Message Board

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Non-Tech : Jack-In-The-Box (JBX)

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To: Petz who wrote ()	5/15/2000 3:09:00 PM
From: Petz	of 1

JBX looks like its setting up to test its 52 week high of about 29.5. I think JBX is in a win-win situation w.r.t. whatever the Fed does. If they raise rates only 0.25%, there will be a BIG pop in retail stocks. If they raise rates by 0.5%, as expected, then since the rate hike is already "in the market," there won't be much of a pullback, if any in retail consumer stocks. But longer term, people will start looking for defensive, low PE issues, and JBX certainly qualifies on both counts. People still eat fast food, even more of it, in a recession. Petz

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