Sunday, August 5, 2007

Jack The Ripper

Last week many of you, including myself, missed one hell of a trade via CMG. This guy was dead on, which reminds me, I need to read/watch his stuff more. Anyway, I still think the stock is a buy at these levels, and I may pick some up myself. The company still has a lot of room to grow, shit we don't even have one in Louisiana yet-- but we do have this (my favorite fast food joint).

Well, I'm not really here to push CMG, that was last weeks news. I'm here to bring your attention to another, recently, hot stock that has had one hell of a pull-back. Have you ever heard of Qdoba Mexican Grill? If you have, then I guess you already know my next stock pick, JBX.

Jack in the Box is a restaurant company that operates and franchises: Jack in the Box, Qdoba Mexican Grill, and convenience stores called Quick stuff. The company is based in San Diego, I wonder what Danny thinks of this.

Woodshedder, I have a one month chart for you:


I know you see this chart a little different than me, but this is what I see: A nice 4 point spike produced by a noteworthy upgrade, followed by a 10 point decline due to a shitty market. Now I'm not here to tell you to buy the stock ahead Wednesday's earnings report, but I am here to make you aware of JBX-- the way I see it, opportunity.

By the way, here is my view on the overall market.

Check out this WallStrip classic on JBX:

6 comments:

Danny said...

salient points to the max.

I have a bias against JBX bc I went to HS with the grandson of the founder. He was such a fag. My god. He was a serial liar, but of totally inconsequential things.

I remember one time I'm walking through the quad, he declared, with no provocation, "I had the best steak last night," and he didn't realize his younger sister was walking by too, and she says, "We had spaghetti last night Jeff." That is the epitome of the situation.

He is the same kid who will tell you he "plays baseball for pepperdine."

He posts on facebook, for everyone to see, his pleas to his GF to get back together with him, and she publicly repies insulting things back. Did I mention shes SDSU graduating class 2011? Yes, you read that correctly, and he's our age.

In eighth grade, he tried to smoke a joint at a party that turned out to be finely rolled toilet paper with a cinnamon stick inside. Yes, you read that correctly, again.

Just can't bring myself to invest in that family,even though I understand how unrelated it is to the prospects of the ocmpany. Anecdotally, they have remodeled like every J in the B in the greater diego area, and they look really nice. Makes you wanna eat there more.

Danny said...

oh, and my high school turned down conan o'brian to speak at our graduation, in favor of Grandpa Jack. Weak.

Howard said...

getting religion - nice

Ragin' Cajun said...

Howard,

you did a fantastic job on that video, it is one of my favs.

Woodshedder said...

Cajun, I think there will be many bargains to come. I just don't want to get stuck with bargains that get even more bargain-like.

There are two things that I would like to see happen. 1. I'd like to see you guys who are buying here get rewarded in the not so distant future with a nice recovery. 2. I'd like to see the market continue to go down so we can shake out the bear sentiment and I can buy back really cheap. Obviously those two things can't both happen. Since I'm in cash, I'm fine either way. I just don't want you to think I'm rooting for anyone to lose anything. Not the case!

We're gonna have to work on your charts! Those line charts suck! lol..

Ragin' Cajun said...

Hahaha, I thought your would like that.