when PNRA breaks $50? This stock, of late, has become so predictable. SSS figures are released.Price jumps $4. Come on down shorters and all the gains are lost in a day or 2. With all the hoopla and negative sentiment thanks to Rita, it is highly probable that PNRA will close below $50 today or definitely by Friday.Good thing that there are no Paneras in Lousiana and Mississippi; Katrina may not have affected Panera directly. Now Texas is a different matter.
Does anyone have a rough idea how many of pnra's restaurants are in Texas? (or what percent of their total is in Texas)
There are 21 restaurants in Texas per the web site. 11 of them are within 50 miles of Houston. So maybe 2% of all restaurants would be affected. Not to be ignored, but hardly a finacial disaster