Last month, I mentioned I shorted Einstein Bagels (Nasdaq: BAGL) ("New Short Position: BAGL"). Today, BAGL was added to the Zacks #5 Strong Sell list.
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- DaveinHackensack
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4 comments:
I just don't see bagels as the sort of product particularly amenable to national-brand treatment. Bagels are a quirky sort of thing that differ greatly from shop to shop due to diffences in ingredients and production methods. And that's a good thing. Local independent shops are still the way to go.
Peter
Peter
I think that's true. Also, I don't think bagels are an area where Einstein or other chains have raised the quality bar at all. In contrast, although today there are indie coffee shops serving better coffee than Starbucks, before Starbucks came along, weak coffee was the norm. Starbucks raised the bar for coffee. I don't see how Einstein does that for bagels.
Dave,
How did you find BAGL to short? I assume there's no screen for the altman scores that you use. Did you just happen to be following it previously?
I actually had a screener built for that purpose, Albert. It's going to be part of a new site my company is launching. If you want, send me an e-mail via the address on this blog and I'll e-mail you a link and access info for the demo version of that site.
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