Foodmaker (Jack-in-the-Box Restaurants) Message Board

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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: David Kuspa who wrote (119)	6/5/1997 4:46:00 PM
From: Arnie Doolittle	of 338

David, more to the point of this thread, FM has been holding fast to the 14 level. Looks to me like FM's historical pattern of pulling back 1/2 or more of the previous move is changing. I think that there are strong forces in the background holding a basket under the price at 14 or so. I look for at least 16 on the next runup. Can a change in MCD senior management be far behind? i wouldn't bet against it. I saw the Prez of the MCD franchisee group yesterday after the close on CNBC. When asked if franchisees could work with present MCD management, he squirmed, looked nervously around and declined answer. I wonder what Warren thinks about all this. Need I say more? Arnie

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