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 3:00 PM EDT

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To: David Kuspa who wrote (313)	3/26/1998 4:45:00 PM
From: Arnie Doolittle	Read Replies (1) of 338

David, the overhanging issues for FM have been the necessity to 1) Lower the debt to equity ratio, and 2) Refinance the debt. The previously announced debt payoffs help take care of the former and the private placement takes care of the latter. It appears that the refinancing will then be complete and future internally generated funds will be used to grow the business faster. With the Vons lawsuit now settled, my hunch is that FM will focus on opening new markets (states or regions) rather than relying exclusively on building out existing markets. Either that or they're setting themselves up for acquisition. Maybe both. Arnie

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