Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Jamba (Nasdaq: JMBA) gushed in pre-market trading after the company was picked by Lloyd Khaner from Khaner Capital during today's Value Investing Congress in New York. As of 9:50 a.m. EDT, the stock is up 3.5% on the news. Lloyd Khaner used Starbucks as a comparison to Jamba Juice because both companies were heavily discounted by the market after over-expanding and losing sight of core competencies.

So what: Like Starbucks, Lloyd Khaner sees Jamba Juice as a fantastic value opportunity after the company hired James White, a student of turnaround specialist Jim Kilts, who implemented a strong turnaround plan, including bringing in experienced talent, eliminating debt, and implementing a company mission.

Now what: Jamba Juice's upside is around the corner -- the company expected to be profitable by late next year and will increase exponentially soon after, according to Lloyd Khaner. Management is now looking to expand smartly with new product lines, including new Go Units that are being placed in public high schools throughout the U.S. With no debt and increased margins, Jamba Juice is now into a second growth phase; if it can hurdle this massive obstacle like Starbucks did, than Jamba Juice might be a great value play to look into.