Index Component The Joint Chiropractic Almost Doubles in Value Q1 2019
The University of New Hampshire’s franchising sector-focused RIFC 50 Index gained 8.4% this quarter amidst a broad recovery of the financial markets from the severe correction of the 4th quarter 2018. The S&P 500 Index jumped 13.1% this quarter. Developed and published by UNH’s Rosenberg International Franchise Center (RIFC), it is the first stock index to track the financial market performance of the U.S. franchising sector.
“Forty RIFC 50 Index components gained market value, with double-digit gains for 25 of them. Only nine index components lost market value,” said Dr. Hachemi Aliouche, director of the Rosenberg International Franchise Center at UNH’s Peter T. Paul College of Business and Economics.
The best performer this quarter was The Joint Chiropractic (JYNT), the owner, developer, operator, and franchisor of chiropractic clinics. The Joint Chiropractic almost doubled its market value this quarter (+90.1%), driven by strong improvements in financial and operational results in fourth quarter and full year 2018, including a positive net income for the first time (full disclosure: Peter Holt, president and CEO of The Joynt Chiropractic, is a member of the Advisory Board of the Rosenberg International Franchise Center).
“Continuing the trend from several quarters, another component of the Index, Bojangle’s (BOJO), was acquired by two investment firms in an all cash transaction that closed in January 2019,” said Aliouche. Visit unh.edu/rosenbergcenter to learn more about RIFC.