Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Panera Bread (PNRA)

|Includes: Panera Bread Company (PNRA)

Summary

Panera Bread (PNRA) provides excellent food and service.

From a cash flow standpoint, its stock valuations continue to look attractive at these levels, despite the agreement to sell company to JAB Holdings.

Spectacular management team.

$PNRA Panera Bread CF = 4QtrTROCF - CAP SP = 381-191 = 190 $mil. 190/20.4=$9 per sh FCF 9/2.2% 10-yr US T = $409 Targt, Ups Pot = 30% Est

I believe its valuation, based on cash flows, is still attractive, even though there is an agreement in place for JAB Holdings to purchase PNRA.