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: Arnie Doolittle who wrote (124)	6/14/1997 11:35:00 AM
From: David Kuspa	of 338

Arnie, my old target price of $15 has been met, so in one sense it is "fully valued" per my original analysis/goal. However, I do think the story keeps getting better and my new target of $20 is worth waiting for. Especially now that McDonald's has been receiving such negative press and has stumbled so badly. New firms have begun coverage, sales continue to surprise/impress, expansion of stores is accelerating and then there is that lawsuit kicker. I definitely want to be holding some FM when we get the verdict on that. I did sell half my position as well, but was hoping to buy back in on a dip. That may still come, especially if there is an overall market correction. I'd bring my position back up to what it was a couple of weeks ago in a heartbeat if there is another dip. In fact, I'm considering buying back in anyway, even if at a slightly higher price than I sold. I just don't have the time or guts to commit to another issue I'm not as familiar with. D. Kuspa

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