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Non-Tech : Papa Johns Pizza

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To: ronniron who wrote ()1/31/1997 11:56:00 AM
From: Philip H. Lee   of 40
 
Papa John's named best pizza chain in survey, surpassing Pizza Hut, who won the award the last three years.
biz.yahoo.com

It seems to me PZZA can manage growth to whatever rate they want. They have yet to achieve nationwide presence. I think their pizza definitely beats Domino's, Pizza Hut, and Caesar's on taste and quality. Of course, PZZA charges a little more but it's worth it. The company appears to have no problem expanding into untapped geographical areas. At this point in time, I would place fair value for PZZA in the low 30's...I'm not looking for a short-term jump but rather long-term appreciation nearly in line with annual EPS growth.

Philip

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