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-- Paul -- Mexican grill Panera Bread set to release earnings after the bell today Stephen Anderson -- -- Miller -- -- company let's start with.
To -- -- if we can obviously this has been a stock that has been on such Iran in particular through.
But now others concerns about valuation -- concerns.
About the inflation which partly what he's.
Well I think the problems with the valuations were concerned for the first half of last year I think there is a larger reset that took place that particularly after the -- to -- earnings report from last year.
I'm now with the stock having -- more than 30%.
I think it's time for investors who we consider adding some new positions -- -- -- -- I think go with regards to food costs inflation and some of the yet tough year of your comparisons.
Those UBS are to be behind them as the year progresses.
A lot of discussion about chipotle is competition because they -- really one of the first McCain became that fast casual restaurant.
If you will are you concerned about the other names in the space taking a piece out of the brand as people try to trying to come up with that same model if you.
Well -- we think -- fast casual -- categories been around for more than a decade you have up players like modes you have Q -- which is -- -- Jack in the Box also.
Have Bob fresher one point that was owned by Wendy's so just -- I think is sell well the competition and I think that having that food with integrity theme.
IV antibiotic free.
Proteins I think it's gotten -- in such trouble -- say yeah it's -- one thing that's let's suppose calling card.
You you're talking about that in the commercial write about what's been happening with young in this in this unfortunate situation in China with in this -- -- bad press over antibiotics -- -- -- -- -- -- chickens and things like that.
Big market for -- are you concerned at.
Well I I think it's going to I think longer term outlook for young is going to be -- have growth -- think they'll have to reconsider their supply chain procedures and that goes for anyone with a large restaurant exposure in China.
Purchasing -- I do wanna move on to their -- their shares are down.
Six it was six to seven ideal and ended on the Panera Bread with you again another name is coming out with of the chairman on the show a couple of times a tighten up their initiatives in the charitable space.
But the company is actually expanding growing in 2013.
That's more than 600 new stores that they're gonna open.
Are you bullish continue to continue bullish on and there.
This is -- we actually upgrade about a week and a half ago and -- we think that given that.
We still think that the Paris Capel generating have mid single digit same restaurant sales -- -- continue to grow new units at about seven to 8% pace on a year year basis.
It's doing very well we think there -- several levers still that can do such as catering the addition of more drive through units of drive average -- -- as well.
And just -- and drive -- healthy assailant multi -- -- -- Stephen Anderson thank you very much for being on the -- from -- -- -- not -- I mean.
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