P.F. Chang's China Bistro (NASDAQ:PFCB)

They have no legitimate growth story. Their bistro is pretty much completely saturated and I'm not buying into the Pei Wei business plan--if people want Asian takeout then they'll order from P.F. Chang's, if they want fast food Asian then they'll go to a Panda Express. I don't see much of a market for anything between the two

I just think this concept is played out. It once felt unique. Lettuce wraps were new to me. I used to eat there on special occasions, and it was exciting -- but it's a chain to me now, so I haven't been in years.

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HaHaHa!!!!!! Strapped consumer, layoffs, higher input prices - oil and commodity prices - has been purely a momo play without NO REGARD to fundamentals.

Food is nothing to write home about. Overpriced stock.

Get ready for a "high-quality" blend of tap water and bulk-buy fish sticks. Wait, does Chang take food stamps?

overextended, overexpanded company whose earnings are likely to fall significantly the next few years, and consequently lead to a collapse of the current stock price due to valuation & already institutional ownership.

Tough times for restaurants

Reload

I'm not a fan of restaurants in this consumer environment (high gas, high food, foreclosed homes). First Madcowmonkey convinced me then, then TMFDeej drove it home and the I finally got off my butt and thumbed some down.
I've missed some easy points by procrastinating.

PF Chang's might be one the more affected ones out there. It's mid to high price range so it does have some exposure to customer trading down but the real problem here is the rice shortage and possible rice shortages in the future. I don't know about you but I don't want to eat Chinese without rice. Twice in may I've gone to two separate PF chang's and been denied rice due to shortages. This can not be good for their bottom line or customer retention.

PFCB is not cheap to begin with and has a moderately high amount of debt (0.60 LT to equity). I don't expect them to have a stellar 2008 even in a better situation.

I think there is strong pressure to the downside on this stock due to a probable earnings miss (es) coming up.

Input costs are going up, Americans are going broke and competitors can substitute Chicken.
http://www.snopes.com/horrors/food/chinese.asp

Oh PF Changs, you expanded too quickly into markets already taken by your other restaurants. Now they wonder why sales are down, Anyone who has been to one of their restaurants lately can see the quality of the experience is way down as they scramble to cut costs. This restaurant already reminds me of TGIfridays. Bad management+forgettable food=diving stock.

great food

I was down in North Carolina earlier this year and new restaurants were popping up all over the place. PF Changs has a great business and their restaurants are always jam packed, even for lunch. When the market turns around later this year, this should head back to 40 in no time.

Their Great Wall of Chocolate is awesome.

I am betting on a temporary upward blip here. P/E is high and will get higher as recession bit customers discover a reduced appetite for Chang sauce.

Fantastic company with tremendous growth potential! The restaurant is amazing and the stock, although not on "sale", still looks to be a good value.

As of close of business on 12/18/2007, this was a 5-star Morningstar stock trading at less than half it's Morningstar fair value.

Ma said she saw the word Chang in there$ Thats good enough for me!

Great concept. Tremendous growth potential. Strip out pre-opening costs and base business is cheap.