PF Changs (PFCB)

[OptionMonster]

Authorization of Increase to Share Repurchase Program

On October 19, 2007, the Company’s Board of Directors increased the amount of the Company’s current share repurchase program authorization from $50.0 million to $100.0 million. Under this program, the Company may repurchase outstanding shares of its common stock from time to time in the open market or in private during the two-year period ending October 19, 2009, at prevailing market prices. The Company intends to use cash on hand and available credit lines to repurchase shares under the program.

This can seriously increase the EPS if they execute this plan to the fullest extent bro..With an outstanding share base of 26 million reported on the last filing the next could beat the street...We shall see how aggressive they were with this soon...