Today's SSS numbers are actually good. I have not said that for about a year and a half. The stock should respond positively in the short term.
That being said, it should be recalled that last year had poor results due to weather, so the comparison was not that tough. Even so, if PNRA can simply match these numbers for the rest of the year, the 30% growth rate of profits for 04 should be secure.
Yahoo shows March 8 short interest at zero. Well, there's gonna be some short interest now. Check out their unbelievably weak financial statements and results.
Be sure to do your own research before shorting!
short 10700 sh. PFT
short 4500 sh. CMTN and
9700 sh. PFT now
There isn't one thing that you wrote that I either disputed or contradicted. I would just add that while you mention the term 'provincial' regarding St. Louis Bread Company, I believe the decision was made that Au Bon Pain was a dog (i.e. not living up to, nor capable of fulfilling expectations). After too many people got burned on ABPCA, the name was no longer a viable vehicle to 'fool me once shame on you, fool me twice shame on me'. Thus PNRA was 'born.' Good luck to all.....
Yes the company name here is still St. Louis Bread Co. but I think they have Panera listed elsewhere on their advertisements, so people here know it is both.
Disclosure: I'm in a long position
I have traded CMTN 4 times now -- all from the straight long side. I agree with you at face value, but I have my 5th limit order to buy at $8.01 (recently dropped from $9.25). The market is extremely liquid right now, and I expect it to continue with some wonderful trading opportunities until either Greenspan is ceremoniously dumped on June 20th, 2004 or the Nov election. Of course when the market starts discounting the black hole of '05 is anyone's guess.........
I agree with you on CMTN, it's one that I thankfully missed during the mighty mo' days of '98-'00, but picked up a bunch at $2-3 and eventually dumped for a 3x-4x bagger (same with LNUX, SUNW, and LU). If this trade doesn't go through relatively soon, I'm likely to yank it entirely and watch the spectacle. Good luck on it, however.......Good luck to all.....
If you buy now to cover then you are stupid. Wait a couple of weeks before doing it. Why not sell short a few days after good news and then cover a couple days after bad news? If I was a day trader I would have sold PNRA today. But I'm a long term investor, so I will just buy it low and accumulate more. At this price, I will not be buying it though.
Disclosure: I'm long