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 (284)	1/30/1998 7:03:00 PM
From: David Kuspa	Read Replies (1) of 338

S&P raise Foodmaker's outlook from stable to positive. Another notch up from the long recovery, and coming just before earnings release might provide another boost before Wednesday's quarterly announcement: "The upgrade reflects Foodmaker's strengthened market position, improved profitability and financial health, partially offset by the risks associated with operating in the intensely competitive restaurant industry, and limited financial flexibility. San Diego, Calif.-based Foodmaker operates and franchises 1,323 Jack-In-The-Box (JIB) quick service restaurants. Management's efforts to revitalize JIB through aggressive new product introduction and marketing, and improving overall restaurant operations have resulted in significant growth in sales and comparable store sales amid a difficult industry environment. Total debt to EBITDA ratio has also declined to 3.9x in 1997 from 5.9x in 1993, partially due to the redemption of $93 million high coupon debt in the past two years." biz.yahoo.com Arnie, can you provide some more insight on the EBDTA improvement, since you're so good with these numbers? Are some institutional investors still going to shy away from FM due to its high debt? D. Kuspa

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