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Panera Bread Company Message Board

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  • Steve_Shore Steve_Shore Sep 23, 2005 3:16 PM Flag


    Not that I want to get into the argument about what the stores are worth, but most PNRA's I've seen are in mini-malls which are usually owned by Reits and therefore leased long term. Why would anyone want to put all their up front money into the real estate which has a very low rate of return? If someone has access to the full Edgar online the answers can probably be found.

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