Jamba Shares Back Under $2 (JMBA)

Jamba Inc. (NASDAQ:JMBA) shareholders are tossing their Jamba Juice this morning after watching their holdings drop 8%+.

Jamba is back under $2, now trading around $1.80 a share.  Investors are throwing up after JMBA posted a Q4 loss of 23 cents a share, which was worse than the single analyst estimate for a loss of 15 cents a share.

What's done is done, let's focus on Jamba's Outlook for 2010:

Jamba Inc. (NASDAQ:JMBA)  plans to achieve the following in 2010:

- Deliver positive comparable store sales;
- Reduce G&A by 10-12 percent (excluding share-based compensation);
- Deliver consolidated EBITDA margins of 5-7 percent;
- Deliver store-level EBITDA margins of 15-17 percent;
- Grow via franchise development with the addition of up to 50 franchise stores and expansion into one major international market;
- Add new licensing agreements in relevant categories; and
- Complete the refranchising of up to 150 company-owned stores started in 2009.
Liquidity

On December 29, 2009, the Company held $31.5 million in cash, cash equivalents, and restricted cash. The restricted cash balance was $2.7 million. The Company eliminated all debt for borrowed money with the convertible preferred stock transaction completed in July of 2009.

At this point fellow Masters, let the selloff take place, check back in next week and if the stock falls another 15% get in on the cheap.

Disclaimer: No positions in JMBA.