Peet's Coffee & Tea, Inc. (NASDAQ:PEET)
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The Company sells fresh roasted coffee, hand selected tea, and related merchandise in several distribution channels, including grocery, home delivery, food service and office accounts and company-operated retail stores.
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I love finding these ones. 20% growth does not justify 50 p/e. As night follows day this one needs a correction and in the current environment it is coming soon.
I agree; however, the current P/E is 24, so this should certainly be updated.