PPC is going to hit it out of the park and shorts are going to have to scramble to cover. Fair value $30.
Yes, look at BWLD too. Missed and lowered guidance, yet the stock is up big. Crazy market.
Put a generous 20x multiple on $6 EPS and you get a $120 stock. All this smoke and mirrors about Panera 2.0 is just to fool people into ignoring continuing declining earnings. PNRA is yesterday's story.
This is just like Enron. GAAP loss, proforma's out everything possible. Huge debt that it won't be able to repay. Real risk of going bankrupt when interest rates increase.
How long can they get away with their proforma nonsense? Paying out cash and taking on more debt to buy a company generating losses. EPS estimates will have to come down.
Nice try. Above $800 if you ask me. How many other companies are there compounding EPS at 15%+ and trading
Yes, saw that now. $40 target on competition from Adobe. I would rather short Adobe - hugely overvalued with liberal stock comp.