Tuesday, March 14, 2006

Another HOT One trading - Jamba Juice

When the masses find out this stock will probably be a double from here!

Stock Symbol - SVI

They have warrants too that expire 6/28/09 and are exerciseable at $6.00.
Go See: Yahoo! Quotes Symbol: SVI-WT
SVI Warrants Chart

Steven Berrard, the former chief executive of Blockbuster Inc. and co-founder of AutoNation Inc., on Monday announced his latest business venture -- leading a group that is buying the fast-growing smoothie chain Jamba Juice Co.

Services Acquisition Corp. said it is paying $265 million for the privately-held Jamba Juice, which is based in San Francisco. The chain -- which opened its first location in 1990 -- reported $345 million of sales last year at its 532 locations nationwide.

The plan I understand pre-IPO was for Jamba Juice to open 80 - 100 stores in 2006. Not that SVI is involved I suspect that they will follow suit as Starbucks did and open 1 new store every day, as well as sell in Hotels, Hospitals, Universities, etc...

People - Yes, this could be the next Starbucks! Click Here For Starbucks Chart