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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (32258)8/16/2000 10:20:15 AM
From: Rande Is  Read Replies (6) of 57584
 
. . .Panera Bread [PNRA] . . . in my opinion, will expand at a blazing rate of speed. . .and will essentially be the next Starbucks. This is a "high-quality" quick food restaurant, generally placed in high-traffic mid to upscale new strip plazas. . . .the type with Bed Bath Beyond, Barnes & Noble, Restoration Hardware types of stores. . .

Their specialty is a dozen or more varieties of homemade breads, from which they will make fresh made sandwiches. . .served with excellent soups. . .gourmet coffees, juices, etc. . . in a very attractive environment, like a trendy uptown gourmet deli.

They recently signed a deal for about 500 or so new stores. At this level of growth and at the current price, the stock has a PE ratio of 31. I've been wishing the stock would crawl back under $10 where it was just a month ago. . . but there is little downward pressure at this time.

Plenty of time to do your DD. . .hopefully this one will still pull back to the 13 area once more in the near-term. . .before proceeding northward. Do your DD. . .and check 411 to see if there is a new location nearby.

Rande Is
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