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Panera Bread Company Message Board

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  • olderyser olderyser Dec 19, 2007 2:52 PM Flag

    Great To See Grossly OverVALued Stuff Getting Hammered....

    Value is certainly in the eye of the beholder. At today 's ppps, I can't imagine thinking CAKE more attractive than PNRA. PE, PEG,debt, book value and growth all favor does balance sheet.
    As a value lover, just what do you look at? And please don't mention mangement. Have you watched CAKE stagnation over the past few years?

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    • kind of what I was getting at too....but I wanted to see exactly what values he defined for the two he liked.

      I saw CAKE popped today because of a take over possiblity.

      Grossly overvalued also implies to me like a big value gap...25 - 100 percent just to offer an opinion. I tried googling for some guidance as applied to stock prices...many uses, few quantitative definitions. On one hand the overvalued seems to imply getting near the limit on the upside....I could see that applied to PNRA back at 60...but at 35 ? My silly little rule for high flyers that I like, is to be interested at around 50 % of the high (though I have seen some recently drop to 30 % of high) I guess I decided it was around fair value when I bought.

      I seem to recall someone of note saying it is better to buy a good company at a fair price than a fair company at a great price....I think a lot of Panera as a product/service based on 5 years observing the stores and customer base, and personally eating there 1-2 times a week.

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