Recent

% | $
Quotes you view appear here for quick access.

P.F. Chang's China Bistro, Inc. Message Board

  • bearofbleecker bearofbleecker Dec 16, 2003 1:30 AM Flag

    I respectfully disagree.

    The only player who counts on this one is Fidelity. And their stake is so large, they could no more abandon PFCB than an elephant could surrepticiously leave a cocktail party.
    I assume that they have been trying to stabilize the price in recent sessions. However, in doing so, they are in danger of owning the whole company. On the other hand, if PFCB went kafloofle it would not seriously impact their share price. No, the only thing that will dump this one bigtime is confirmation that PFCB cannot maintain their historical growth rate. PFCB's great concept and great execution notwithstanding, I think the Pei Wei digression means that they don't know how to grow the original model. (Interestingly, I don't see Outback rushing to open their version of PFCB.) In summary, I think that some of the institutions are already exiting, but until the Fidelity elephant is forced to leave the party, it won't tank.