6 Sinking Stocks a Bull Market Won’t Save
The bull may be back, but not all stocks are headed up
Stock to Sell #5: Panera Bread Co. (PNRA)
|Panera Bread Company (NASDAQ: PNRA) is the franchiser of 1,400 bakery-cafes. The stock has been a super performer; however, at 25 times 2010 earnings it is overvalued compared to its peer group, according to Standard and Poor’s. S&P rates PNRA a “two-star sell.” Technically the stock appears to have double-topped and recently flashed a sell signal from our internal indicator, the CBR, as well as from the stochastic. Sell PNRA at market.
Article printed from InvestorPlace Media, http://investorplace.com/2010/10/stocks-to-sell-in-october/.
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