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Cke Restaurants, Inc. (CKR) [hlAlert]

down 49.58 %

Cke Restaurants, Inc. (CKR) rated Buy with price target $16 by Morgan Joseph

Posted on: Tuesday,  Mar 4, 2008  2:25 PM ET by Morgan Joseph

Morgan Joseph rated Buy Cke Restaurants, Inc. (NYSE: CKR) on 03/04/2008. Previously Morgan Joseph rated Buy Cke Restaurants, Inc. (NYSE: CKR) on
10/08/2007., when the stock price was $16.78. Since then, Cke Restaurants, Inc. has lost 49.58% as of 07/12/2010's recent price of $8.46.
If you would have followed the previous Morgan Joseph's recommendation on CKR, you would have lost 49.58% of your investment in 1008 days.

CKE Restaurants, Inc. (CKE) owns, operates, franchises or licenses 3,116 quick-service restaurants, which are referred to in the Company?s industry as QSRs, primarily under the brand names Carl?s Jr. and Hardee?s. Carl?s Jr. restaurants are primarily located in the Western United States. The Hardee?s restaurants are located in the Southeastern and Midwestern United States. During the fiscal year ended January 26, 2009 (fiscal 2009), CKE opened seven company operated restaurants, acquired 37 restaurants from franchisees, sold 102 restaurants to franchisees and closed 20 restaurants.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2008 2:25 PM Buy
11.42 16.00
as of 12/24/2008
1 Week down  -0.60 %
1 Month up  14.53 %
3 Months up  21.75 %
1 YTD down  -13.29 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2007 10:28 AM Buy
16.78 21.00

(*) Stock Price at the time of the recommendation.
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