ETF Monkey
ETF investing, portfolio strategy, long-term horizon, Investing for Beginners

Jamba Dives 13.3% After Q2 Earnings: Time For A Second Look?

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:...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details