Tuesday, September 9, 2008

PNRA

I am not sure why Panera Bread Company(PNRA) is trading with a P\E of 28+. It might be because there are no more stocks available to short. I don't know. But, there are so many other better companies with strong growth that are trading with a P\E less than 15. I just bought -UPAVJ Oct 50 put for $1.6. I really love the food at Panera and I have sustained some loss when I went long on this stock at $40 and bailed out. If you want to buy puts, you might want to wait until PNRA hits 55 and then take the profit as soon as you can unless you can figure out the high P\E for this stock.

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