Jamba's Turnaround Seems Close To Complete

from Seeking Alpha: 

>>Jamba Inc. (JMBA) has traditionally been a restaurant retailer serving smoothies and some snacks. The company was hit hard by the recession as its aggressive growth caught up with it. Comparable company store sales declined during the crisis and JMBA underwent a management shake-up.
The new CEO, James White, has revamped the business plan and the company is now focused on being a healthy active lifestyle brand. He has implemented a turnaround that focused on franchise store growth, cost controls and the development of a consumer product platform through licensing deals with leaders in the consumer product space. The market is not fully recognizing the enormous transformation at JMBA.
JMBA shares trade at a meaningful discount to my estimate of a conservatively calculated intrinsic value ($2.60) around 25% higher than the current share price.