California Pizza Kitchen: Sideways Action Continues

California Pizza Kitchen CPKI, which I first discussed here on May 16, 2009 at a price of $13.53, continues to exhibit sideways action at or near $16.50. But I still like the business model at this stage. Here's why: In 2011, CPKI's performance should improve as the U.S. economic recovery progresses. Look for same-store sales (in this case, restaurants) to rise about 2% to 2.5%, after a 3.3% decline in 2010. Continue reading the article.