Cosi states that it sales for this quarter were $1.6 million more when compared with the same quarter last year. Lets not forget this includes 5 more restaurants when compared with last year. This is why the stock has run up 50% in the last month??? Take your profits as quick as possible and be happy. This is a broad based rally with the small caps scorching the rest of the market. Do not be fooled that this rally pertains because anything has changed with Cosi.
NO doubt Cosi owners are thinking about owning the next Panera. Not one decent reason not to think that it is possible to take the concept and improve on it. Plus, I don't see Cosi owners looking to overtake Panera, just take a piece of their market. It's still 8 and a half a share, still unproven, still in its infancy in many ways, at least with this management team. It's got a lot of room for growth inside the company and in the share price. Twelve by January is a helluva gain, and I think it will get there. C
Don't be sore, buy more. Sold the news after the rumors, as often happens. This should be a slow grower until it proves it, so this crawl with fits and stops is okay with me. I don't need to be out tomorrow. Re trace to 7 and a half if you must, I'll be there with my checkbook.