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 (305)	2/27/1998 1:28:00 PM
From: Arnie Doolittle	Read Replies (1) of 338

David, I'm getting ready to leave town and don't have time to answer your question fully. Let me say this: $30 million is what will hit the bottom line on the income statement but FM will receiv $58 million cash. If they've already paid all expenses, it's just a bookkeeping entry to reduce "prepaid expenses" (litigation expenses) and offset it against the p & l. Forget about e coli discussions. It's old news and a nonevent re FM's stock price. The stupid writeoff announcement is the fly in the ointment. 20? I don't know but I'm not going to give the stock much more time. Arnie

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