NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is satisfied with Panera Bread Company (PNRA) and thinks investors should feel confident about its CEO, Ron Shaich.
Cramer referred to Shaich as one of his "bankable 21," his list of CEOs investors can count on. He elaborates on these CEOs in his new book, Get Rich Carefully.
Cramer noted that Shaich runs a company with a "controversial" stock -- Panera is described this way because the company is having trouble keeping up with foot traffic during peak business hours.
But that's a short-term issue, Cramer said, and investors shouldn't worry about it. Instead, they should focus on Shaich's ability to understand young people, what they want and how they want to eat it.
Cramer concluded that Shaich has developed what he calls the "finest, good-tasting casual dining" environment.
-- Written by Bret Kenwell in Petoskey, Mich.