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Panera Bread Company Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Jan 8, 2004 4:11 PM Flag

    Lehman starts coverage @ UNDERPERFORM

    I'm waiting for the price to rise above 45 to go short again. It's important to me that the company be extremely ridiculously overvalued, not merely overvalued, before I short it.

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    • I agree with both of you. If it finds stregth I'll be happy to come back and short more.

      But for now I think there's still damage to be done. Technical levels have been breaking and I think institutional money will still be lightening up here. As I've said: It's not a growth story (anymore), and it's not a value story (WAY to rich), and has a slowing/declining model, I think she breaks down from here. IMHO. I see wasting away - no dead cat bounce.

 
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