Cosi, Inc. (NASDAQ:COSI)
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Owns, operates and franchises premium convenience restaurants which sell sandwiches, freshly tossed salads, Cosi bagels, pizzas, S'mores and other desserts, and a variety of coffees along with other soft drink beverages, teas and alcoholic beverages.
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Buying this on a lack of recovery with the rest of the restaurant sector. This is definitely a company that can go two directions, the way of Boston Market, or ...dare I say it... Panera! Their product is good, but the legacy stores from the Xando/Cosi merger are unorganized and inefficient. Many complaints about service and wait times can be attributed to the poor management of the past, but they've got Restaurant all stars running the show now. Management has over the past 8 quarters been slowly improving cost/efficiency, and I am optimistic about their new "Avalon" concept. It's a wait and see kind of stock, but I think the risk/reward is there at these levels.