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Panera Bread Company Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 May 2, 2005 1:57 AM Flag

    return on investment

    It is not necessary to wait for dividends or share repurchases to commence before buying a stock since great cash flows in the distant future have substantial present value. However, the cash return must eventually occur for the stock to have any value at all.

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