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

To: S. maltophilia who wrote (77825)	8/7/2025 1:58:32 PM
From: E_K_S	Read Replies (1) \| Respond to of 78464

Re: JACK 1) Huge Debt aprox $1.6 Billion 2) BV understated since real estate is carried at cost not market value Below estimate by AI of what their company owned real estate is worth. Market value of the 80-120 stores management wants to sell: At least $100 million. This is a direct statement from management about their expected proceeds. *Estimated market value of all* company-owned stores/real estate (approximately 150 stores): While difficult to pinpoint without a professional appraisal, it's likely substantially higher than the $456.55 million book value. A reasonable estimate, considering the intention to sell $100 million from a portion, could be anywhere from $600 million to $1 billion+**. ------------------------------------------------------------------------- Maybe if they sell 20% of their stores (30 stores), they could net $150 million or more. That only pays down debt 10%. Then where do they get the capital to do the remodels? Even when company owned real estate is factored at market value; it appears they still have too much debt. I see little to no value in JACK based on their tangible assets. They are FCF positive last two quarters. That $1.6 Billion debt 'boat anchor' is a huge road block to turing this around IMO