Monday, November 28, 2011

Panera Bread Hits All Time High

Amazing to see a stock liftoff to a all time high in this market, but Panera Bread (PNRA) achieved that feat today. After a rocky summer, PNRA has rocked higher. The below 3 year chart sure suggests how individual stock picking can easily beat index funds.

Of course this isn't a stock that I've ever owned. PNRA has never seemed like the stock with a catalyst for this type of growth nor one worth a 25 forward PE, but clearly I've been very wrong.

Congrats to all the longs that have held on. While all the high flying internet stocks especially the recent IPOs like Groupon (GRPN) have been crushed, PNRA keeps creeping higher.

Very impressive chart.






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