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Panera Bread Company Message Board

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  • Frank_Past Frank_Past Mar 18, 2003 2:23 PM Flag

    Time to step back

    Goat, I think you're smoking instead of eating grass. PNRA ain't even close to SBUX, an international phenom with little overhead and no franchising.

    PNRA is a modest chain at best focusing on SUBURBS, which limits expansion. Try Darden Restaurants Inc http://finance.yahoo.com/q?s=DRI&d=t (Red Lobster/Olive Garden) for a reasonable comparison. P/E 14.

    The winds left PNRA's sails beginning in January 02 at a P/E peak of 89. The current P/E of 40 will be cut in half in 03 putting PNRA at $20 based on 03 estimates of 0.99.

 
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