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Panera Bread Company Message Board

  • wallstreet_jim wallstreet_jim Jan 15, 2003 4:55 PM Flag

    <OT> Anyone check CEDC today?

    Up 3+ points on earnings upgrade. Added more early today; enjoying the ride. They are building out a distribution system in Eastern Europe that will be unmatched for years by rivals. I have a business associate going to Poland in about a month, and he's going to do some checking on this. CEDC is an interesting story - it may play out on the bullish side for a while. BUT, I wouldn't be surprised to see a pullback the next few days - the day traders HAVE to close out some of their quite profitable plays in the stock.

    Disclaimer: As always, IMHO. Position disclosure: Flat (PNRA); Long (CEDC)


    P.S. - For those of you that will say "gee, now that the stock is up - where were you before", here's a post from this past weekend on CEDC:

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      you brought that monday....nice dip
      on tues-woulda been a nice 3-4 points

      good call

    • "P.S. - For those of you that will say "gee, now that the stock is up - where were you before", here's a post from this past weekend on CEDC:"

      -- You're missing the key concept WSJ. The issue is not 'when I got into this stock in the 20s', but why wasn't I 'aware' of the opportunity 6 months ago at 8, or 18 months ago in the $4-ish range!!! (when no one wanted it, and there was true VALUE). Now you have a company with a $140M market cap on $238M in sales, 25.3x trailing p/e, 3.95x book, 19.55x cash flow, and 0.58x sales. Cut the numbers by a like amount, and you will see true VALUE. Today? Nice move, but that is in the past. The smart ones are selling, getting nice capital gains, & passing the buck on to the next batch of mo-mo players who play for nickels and dimes when the $5s and $10s have already been made. Not where one wants to EVER be IMHO (in terms of discipline). Not horrendously overvalued mind you, but defintiely no screaming bargain....Good luck to all.......

      • 1 Reply to valuemonster_jurel
      • value,

        And notice we both have been doing OK, and both show a good positive balance. Consistency is the key. Your advantage is that you have value on your side - your stocks typically won't get beat up any further. I have a little more beta on my side as I tend to catch the "meat" of the moves. Your approach sometimes requires very long waiting periods. Mine requires the discipline to cut losers fast, and on rare occasion to get whipped when a bad card (a "surprisamental") turns over.

        You and I both usually don't put a high % of our money in any one trade (I limit it to about 15-20% max, although PNRA and PETM were at 50% levels for a while). So, as I've mentioned time and time again, differing approaches are fine, as long as they work, and you're consistent with them.

        Disclaimer: As always, IMHO. Position disclosure: Flat


    • I was long CEDC at $9.25 and dumped it. another brilliant trading move

196.58-1.10(-0.56%)Oct 8 3:59 PMEDT