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: Stretch who wrote (164)	8/6/1997 10:19:00 AM
From: David Kuspa	of 338

Done! Been there! FM hits $20 1/8 and still climbing. The street loves the company's reduction of long term debt and that extra profit. FM continues to impress (and enrich!). Since they've just added about 12% to their net profit by reducing their interest expense, it's conceivable that the share price will rise to just over $21 (about 12% above the recent trading range of $19) If you want to try to time a short-term profit, sell when it gets closer to $21, then buy back in if it heads back down to $20. Just a guess, but that's probably going to be my strategy for a portion of my holdings. D. Kuspa

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