Our group has decided to buy stocks in Panera Bread (PNRA). The stock is at an extreme high of 82.99, which is almost double the price it was last year. It has a steadily increasing pattern, and has received high praise among the fast food chain lists. ABC.com even said that Panera Bread has the healthiest choices of salads among fast food restaurants (Katie Cwayna). Since America is in a health food craze, there is a promising future for this already successful chain. It can be supported as "Panera Bread has seen its shares outperform every major restaurant stock over the last 10 years." Though as explained, it is in such a high circumstance and differs from other fast food chain because "it operates in a niche between fast-food and casual dining, which can likely accommodate more capacity." (John Jannarone Wall Street Journal) Reaching out to more peoples food preferences, we predict that this stock will increase and remain high. As such, we will but this stock.
Rebecca Kern & Jenna Weinblatt
Rebecca Kern & Jenna Weinblatt
I believe that Panera Bread (PNRA) was a worthwhile investment both based on the information given in this blog (that it has doubled the price since last year) and the information on moneycentral.msn.com. It spikes a lot, making it a fairly speculative stock, but overall it has seen a steady increase. I agree that due to America's health food craze, it makes sense that Panera will only increase in value.
ReplyDelete-Natalia