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Panera (PNRA) announces a new $600M share repurchase program, good for buying back 13.2% of...

Panera (PNRA) announces a new $600M share repurchase program, good for buying back 13.2% of outstanding shares at current levels. Panera's existing repurchase program, which was set to expire on Nov. 16, has been terminated. (PR)
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Comments (3)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Seems like cos tend to purchase stock when its high, then they end up doing offering after it tanks.

     

    Is this really the best use of FCF that PNRA management can up with? How about more growth plans?
    23 Aug 2012, 06:12 PM Reply Like
  • Jolly_Rancher
    , contributor
    Comments (572) | Send Message
     
    Panera could buy an existing chain completely out of it's market, one that is going nowhere fast but would probably become a lot more profitable with Panera's marketing and capital. Just a thought. No names.
    23 Aug 2012, 06:22 PM Reply Like
  • berylrb
    , contributor
    Comments (2257) | Send Message
     
    yep, buy a competitor, that was mentioned about COSI back in, what, January?
    23 Aug 2012, 08:57 PM Reply Like
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