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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Bob Rudd who wrote (13155)12/4/2001 1:42:26 PM
From: Paul Senior  Read Replies (4) | Respond to of 79000
 
Bob Rudd, I'll start a JBX speculative position today.

I wasn't willing to buy at lows (22-23, after downgrade) a few weeks ago, but I'll step up now as a relative play.

Several restaurant stocks are now hitting new highs or approaching highs. If one considers this sector a momentum play, then buying a stock in the sector that seems to be moving in the opposite direction - down - (i.e. JBX ) is a mistake. If one takes the view though that restaurant stocks are being given a multiple upgrade by the market, then relatively speaking, JBX is a buy.

Irrespective of other restaurant stocks, considering JBX by itself -- its financials, expected 2002 earnings, and projected p/e - JBX looks relatively undervalued to me.

Paul Senior
Are there now 3 of us on this thread with a JBX position?