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: Chris Nevil who wrote (237)	11/4/1997 10:17:00 PM
From: David Kuspa	Read Replies (1) of 338

4QFY97 results at: biz.yahoo.com I was looking for $0.25/share or better, so I have to say I'm not ecstatic, but at least we know that the recent slide probably wasn't caused by a leak that FM had had a bad quarter. Still, same store sales increases have slowed a bit, down from 6-7%, and investors might focus on that; namely that the "comeback" of FM from the dead is complete. The rapid sales recovery is over and growth going forward will come from their expansion. At today's price of $17 3/8, the PE on 1996 earnings is 20, and 16.6 on projected earnings of $1.05 in '98. With FM's current growth rate, the company is very close to fair value. Still, they're doing better than many of their competitors and continue to pay down debt, so I believe they are attractive if you want to be in this sector. The analysts were right on with their median call of $0.89 for '97 and there was no surprise here. These days, the market can react negatively to companies that merely meet their earnings projections, so I'm not going to bother guessing what will happen tomorrow. D. Kuspa

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