On Monday, August 5, Jamba, Inc. (NASDAQ:JMBA) released its Q2 earnings and hosted its quarterly investor call. Apparently, the market was not happy with what it read and heard, for Jamba's shares cratered from $15.99 to $13.86, a decrease of 13.3%, the very next day. As I write this, the shares hover in the same general area.
What happened that was so terrible as to give rise to a 13.3% decline? Did Jamba lose a ton of money in the quarter? Did same-store sales decline precipitously? Was there some horrible news, perhaps the breaking of a development agreement or legal mess? None of the above. The only explanation I have seen to this point is this, from Bloomberg:...
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