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MarketFoolery

MarketFoolery: 6.18.2013

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 18 June 2013

⏱️ 17 minutes

🧾️ Download transcript

Summary

Shares of Jack-in-the-Box rise on news that the company is closing some of its Qdoba stores. Amazon.com launches a new initiative on Facebook. KitchenAid and SodaStream partner on an at-home carbonation machine.

Transcript

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0:00.0

It's Tuesday June 18th.

0:04.0

Welcome to the market foolering.

0:05.0

I'm Chris Hill joining me in studio today from Motley Pool 1, Jason Moser and for

0:08.7

million dollar portfolio, Charlie Travers and Dave Meyer.

0:11.7

Could you see you gentlemen?

0:12.4

Yo, hey.

0:13.0

We got a lot going on.

0:14.0

We're going to talk food, beverages, retail, and entertainment.

0:17.0

That's a packed show right there.

0:19.0

Let's start with the food.

0:21.0

Jack-In-the-box,, company we don't normally talk about, Charlie.

0:25.2

It's got about 2,200 restaurants and another 600 plus Q-Doba Mexican Grills.

0:31.2

Shares of Jack on the Box up more than 2% this morning on the news that it will be

0:34.8

closing somewhere in the neighborhood of about 12% of the Q-Doba restaurants by the end of the

0:40.0

fiscal year which is the end of September.

0:43.0

And you said the stock was up.

0:45.0

And the stock was up which...

0:47.0

They must have been really underperforming.

0:49.0

Which tells me that they're not just identifying the underperforming

0:52.0

Q-dobas, but the really underperforming Q-O-Bos but the really underperforming

0:54.5

Q-Ler markets say and cut your losses and win here.

0:57.7

So about half of the stores are company-owned, the other half are franchise, very common in the restaurant industry and so it's actually

...

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