April 9, 2010

$JEC is up strongly on a rumor of potential take over by a private equity firm. We know nothing about the validity of the rumor. However, we have carefully looked at the debt structure of the company and our analysis shows that this company does not fit the profile of a typical private equity acquisition. Aggressive accounts willing to take a loss, should we be wrong ,may consider lightly short selling $JEC right here around $47.30 to 48 based on technicals. Lightly add if the stock spikes higher.