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February 23, 2010
05:55 EDTPFCB, PFCBHigh-flyer P.F. Chang could fall along with earnings growth, says
P.F. Chang's China Bistro (PFCB) shares have jumped nearly 150% in less than a year, and bounced to a 52-week high last week of just under $43. The company's price-to-earnings multiple is 22x 2010 earnings, the valuation investors associate with the kind of high-growth company P.F. Chang's "used to be", says Its five-year earnings-growth rate has slowed to about 5% a year, according to statistics, versus its 10-year annualized earnings-growth rate of 14%. Keith Siegner, restaurant analyst at Credit Suisse says, P.F. Chang's initiation of a dividend says, "That this company now reflects fundamentals more often seen in a more-mature company.'' When the company posted its Q4 report this month, it guided to flat revenue expectations for 2010 versus last year. That continues a trend that's been in place for four years. There are also the real-estate realities to consider. With 197 locations under the brand banner of its flagship China Bistro, the commercial real-estate possibilities are flagging, analysts say. New outlets also risk cannibalizing sales at existing locations. Bottom line: With declining sales and earnings growth, rosy scenarios of a recovery in consumer sales are likely a thing of the past, says Reference Link
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August 25, 2014
06:19 EDTPFCBU.S. DHS warns of 'Backoff' malware, WSJ reports
The Department of Homeland Security is urging all companies to check for a "Backoff" malware infection, which targets cash registers, and said over 1,000 businesses in the U.S. have been affected by the cyberattack, the Wall Street Journal reports. The DHS said Friday that the malware has likely infected many victims who "aren't aware" that they have been compromised. Reference Link

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