The short term investing stock picks blog

On March 18 I posted a User Request analysis on California Pizza Kitchen.  I basically panned the stock due to a threat from increasing agricultural prices, decrease in consumer discretionary spending because of housing and gas, and a history of the company being unable to grow effectively.  Many of you derided me as we watch the stock climb over 17%, completely, ruining my 1-month prediction of a small loss. 

Today, however, we see the stock coming much more inline with my expectations.  The stock is down around 9% from my original post now.  The CEO stated today that cheese costs are hurting their balance sheets and guided lower for the second half of 2007.

This entry was posted on Friday, August 10th, 2007 at 12:37 pm and is filed under User Request. You can subscribe via RSS 2.0 feed to this post's comments. Responses are currently closed, but you can trackback from your own site.