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Papa John's stock climbs after 2010 projections
December 17, 2009
Shares of Papa John's International have climbed since Monday when the pizza company outlined its 2010 overview, according to Ockham Research via SeekingAlpha.com. Closing prices climbed from under $21 earlier in the week to hover around the $24 mark since the company's announcement. The stock information company said Papa John's higher-than-expected projected earnings per share of $1.70 to $1.90 looked attractive to investors. So did its promise to spread up to 180 stores to countries beyond the U.S.
From SeekingAlpha.com:
Valuation is pretty attractive, as the stock closed at $21.65 on Monday and if Papa John's is able to hit the midpoint of this guidance the forward-looking P/E would be a very reasonable 12x.
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