PF Changs China Bistro (PFCB)

[Justin]

P.F. Chang's China Bistro, Inc. (P.F. Chang's) operates in two segments: Bistro and Pei Wei. As of January 1, 2006, P.F. Chang's owned and operated 131 Bistro (full service) restaurants that feature a blend of traditional Chinese cuisine with and American hospitality in a bistro setting. The Company's restaurants offer intensely flavored, culinary creations, prepared from ingredients, including herbs and spices imported directly from China. The Company also owned and operated 77 Pei Wei (limited service) restaurants as of January 1, 2006.

[timorr]

Wow , pf changs doesn't look bad and my favorite place to eat ever! To me there's no close second. That sounds like a moat to me. Tim

[timorr]

What about cash flow though? Tim

[Justin]

Did you try reading the annual reports and find out where the money went? Wouldnt be such a bad deal if they are re-investing that money in something that will pay off in the future. Like increasing stores or something cool like that. Let me know what you find.

[timorr]

I did read they are starting a chain of fast food stores. The name however doesn't link to PF Chang so the public might not know their connected and the average price per fast food customer is $9.00 which might be a tad high for some. I'll reserch more. Thanks , Tim

[Schwaazy]

I like that place too. It would be fun making money on them.

[ApexAZ]

Originally Posted by timorr

I did read they are starting a chain of fast food stores. The name however doesn't link to PF Chang so the public might not know their connected and the average price per fast food customer is $9.00 which might be a tad high for some. I'll reserch more. Thanks , Tim

Pei Wei.

Pretty much the same food at a much lower price. I eat there a lot.

[jarret]

I like PF Changs as well and eat there at least once a week. That said one of the issues I see that faces all popular restaurants is that they are already operating near capacity at existing locations which means the growth numbers that at the end of the day make it a Rule1 candidate have to most come from buidling new locations which are often costly and take awhile to get established.

I have my eye on PFCB and CAKE but at the end of the day am leaning towards PNRA as their growth wont be as difficult to achieve given their concept.

Would be curious to hear other thought.

Jarret

[steve44]

Hi all,

3 Greens just appeared on this one.

MOS on Justin Excel is 39.
Current price is 35
Investools Valuation is 44 if 40 is plugged into projected PE.

So either way, price is below MOS now.

Cash flow is not that great.

And money is not going into the industry according to Investools.

So a buy now is sort like swimming against the current.

But I am going to paper trade it today just to see.

And now onto more Moat and MGT research.

Thanks

Steve

[TheCrack]

I keep hearing about PF Changs, but Ive never seen one....
Are they only in certain parts of the country?

Im East Coast....

Thx....