No. of Recommendations: 0
Dear y'all,

Without having looked at any of the statements...

The other thing that it would tell me is that free cash flow is much greater than earnings (Yahoo! gives PF Chang's a price/earnings multiple of 58)

I cannot say that much else without learning more about the company. IMHO it is a mistake though to say a company is "expensive" because of a high multiple. But yes, I agree with TMFBobdog that the market values cash flow more highly here than for peer companies.

Lleweilun Smith
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