Jan 12 · 7:01:00 AM · Source: StreetInsider.com

StreetInsider.com is reporting that Peet's Coffee & Tea President and CEO, Pat O'Dea, has said that he sees 20-25% EPS growth with the recent Diedrich acquisition, or FY10 EPS of $0.80-$0.90. The Street is currently looking for FY10 EPS of $1.27. O'Dea also said he sees 15-20% market share in the Specialty category and expects to triple profitability in the Grocery segment.
That's a large discrepancy between the Street's expectations and the company's. At a closing price of $33.69 last night, the stock is selling at a frothy PE of 35.

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by Rich Pike