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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants) -- Ignore unavailable to you. Want to Upgrade?


To: seminole who wrote (223)10/23/1997 7:36:00 AM
From: Curtis Cerenzie  Read Replies (1) | Respond to of 338
 
Richard,
I agree with you. If you look at the quarterly earnings over the past five years, it appears a reasonable expectation that this quarter would come in a little better than the last. So, I was looking for a number around .27 or .28 versus the .23 I see from the analysts.

Something I have noted is that next year's earnings have not been revised for quite a while by the analysts. And yet, it appears they should have been revised upward solely based on the $50,000,000 in reduced debt. This should increase next year's earnings and beyond by about .10 per share. Considering the 8% growth rate in store openings, things look pretty good for the long term.

That still leaves us with the question of, 'why did someone let go of 70,000 shares today at $16.00'? I wish I knew...

Best regards
Curtis