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 (22)	2/7/1997 2:06:00 AM
From: David Kuspa	of 338

I believe the drop in price from FM's new high came from momentum investors who piled on in the days before the earnings release. Make a quick buck and get back out just in case the report is negative. This has been a pattern in the past. However, I don't think it will continue with numbers like this. I'm optimistic because historically, FM's best quarters are the spring and summer ones that are coming up. I can't imagine anyone would focus on the drop in their distribution sales, since they were such low margin and don't have much of an impact on earnings. What do you think? I sure wish FM had the sales increase to match its nice jump in earnings. Can't attend the annual meeting, but I'd love to get a firsthand report from you. Regards, D. Kuspa

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