Health Food Is Selling, But Should You Buy It?
Thursday, July 29th, 2010
Cramer haw same Panera the company, but he won’t propose the hit correct now.
He likens Panera [PNRA
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] to Chipotle [CMG
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] and Whole Foods [WFMI
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], companies that attain “good-for-you alacritous food,” which Cramer sees as a brawny secular way ontogeny among consumers today.
“People clear a payment for what they comprehend to be as flourishing foods,” Cramer said. “And Panera is conception of that rubric.”
Still, he can’t in this mart intend behindhand a high-multiple hit without dividend endorsement because stocks in generalized hit had “a big, bounteous run.” Instead he told audience to acquire PNRA ..read more