I actually love Papa John's Pizza, but stock hasn't been in growth mode since early '96. It just seems to move in $5 increments between 30 and 40 with the occasional 25 or 45. I do follow technicals a lot, and right now PZZA seems to be at the top of a temporary range and looks to move down to 30 before advancing much further. The commodity channel index shows it to be very overbought, and considering there's not a lot of daily volume in the first place, sort of implies a fall. Out of the last 7 times it showed overbought in the last year it sold off 2-6pts 6 of them. It looks to have MAYBE one more point of upside to it b/f a sellof of at least a couple points. PZZA's relative strength has been good for some time now, so a HUGE selloff, even w/ another global market meltdown attack, is not likely. Keep in mind these are just technicals, but a short term short/put strategy seems like a good play. I was wondering when earnings are due, and if any other positive news could be on the horizon. I know the cheese price thing could hit the stock again or at least temper the upside for now. Remember what happened with the ice cream makers when cream prices rose this past summer. If you don't, look up BJICA,DRYR, and FRND. Those charts dip about the time cream prices kill profitablity. PZZA uses cheese pretty liberally, and that's their signature so they probably won't cut back too much. If cheese prices don't drop, somthing similar could happen although that type of carnage is unlikely. Any questions or comments, fire away....
perpetually << wondering when earnings are due >>, Do YOURSELF A FAVOR and pay attention to the following. I've posted this here several times before in the beginnings of this thread but with several hundred postings since, I guess it bears repeating, again.
PZZA is one of the few companies I'm aware of (actually, it's the only one I'm aware of) that makes available a schedule of quarterly earnings release dates for the full fiscal year as well as the dates, times, and telephone number to access the "Live" quarterly conference call. And it's yours for the asking.
Just contact IR (Robin Kennedy) @ PZZA. (502) 263-7370, FAX: (502) 261-4085, or e-mail: firstname.lastname@example.org.