$12.24 -1.07 (-8.04%)
11/6/2009 4:00 PM

Einstein Noah Restaurant Group, Inc. (BAGL)

CAPS Rating: 3 out of 5

The Company owns, franchises or licenses various restaurant concepts.

Current Price $12.24 Mkt Cap $197.65M
Open $12.68 P/E Ratio 11.47
Prev. Close $13.31 Div. (Yield) N/A (N/A)
Daily Range $12.00 - $13.00 Volume 92,469
52-Wk Range $2.50 - $14.44 Avg. Daily Vol. 41,000

BAGL News and Commentary

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Caps

How do you think BAGL will perform vs the S&P 500?

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All Members

58 Outperform
13 Underperform
 

All-Star Members

23 Outperform
6 Underperform
 

Wall Street

3 Outperform
0 Underperform
 

Top BAGL Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

ValueArbitrage (98.85)
Submitted October 02, 2008

BAGL represents A classic early Buffet partnership "control" situation, except it is David Einhorn at the helm instead of Mr. Buffet. Like Buffet, I believe Einhorn didn't get active here for the sake of being active. After all, both have… More

andersons21 (25.73)
Submitted June 14, 2007

Loses money on operations. Debt.

BAGL VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from members about BAGL.

Recs

0
Member Avatar Zabdi (26.10) Submitted: 11/5/2008 3:28:00 PM : Underperform Start Price: $6.73 BAGL Score: -67.58

Consumer goods and spending will be down in the coming months. In general this stock seems to follow the market, and consistently remain below the S&P 500. At best this stock will only come close to to matching the S&P in the coming months.

Recs

4
Member Avatar ValueArbitrage (98.85) Submitted: 10/2/2008 4:37:07 PM : Outperform Start Price: $12.36 BAGL Score: +10.81

BAGL represents A classic early Buffet partnership "control" situation, except it is David Einhorn at the helm instead of Mr. Buffet. Like Buffet, I believe Einhorn didn't get active here for the sake of being active. After all, both have said many times that everything else being equal, they would rather let other's do the work. However, in particular situations (if the opportunity for profit is large enough, and the risk of permanent capital loss is small enough), both men believe that an active role is necessary to optimize the employment of capital, as is the case here.

It is worth noting that investment results within a "control" situation like BAGL must be measured on the basis of at least several years. For those looking for meaningful results within a relatively quick time period, I would advise you to venture elsewhere, event driven investing this is not.

Anyhow, similar to SHLD (Lampert) or SNS (BIglari), I think there is real opportunity here for Einhorn (and management) to re-engineer the portfolio -- close businesses that are a drag, maybe reallocate capital among businesses, etc. Given time I think Einhorn will get it right, although it won't happen overnight.

Within the next 2-3 years I expect BAGL to produce considerably higher profits than its current price implies. Assuming the favorable outcome I expect comes to fruition, I believe the market is likely to assign a valuation more in line with the underlying earnings power of this high quality franchise, producing outstanding risk-adjusted returns over the next 3-5 years for patient long term investors.

.

Recs

0
Member Avatar APNumbers (< 20) Submitted: 9/15/2008 9:02:03 AM : Outperform Start Price: $13.79 BAGL Score: -1.98

score = 78

Leaderboard

Find the members with the highest scoring picks in BAGL.

Score Leader

SilverbackCap

SilverbackCap (95.30) Score: +69.48

The Score Leader is the member with the highest score across all their picks in BAGL.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
SilverbackCap 95.30 11/6/2008 Outperform 5Y $6.46 +89.47% +19.99% +69.48
steerage 98.17 10/16/2008 Outperform NS $6.83 +79.21% +20.07% +59.14
EROConnor 94.38 10/16/2008 Outperform 3Y $6.83 +79.21% +20.07% +59.14
sparsespace 99.07 10/31/2008 Outperform 5Y $7.42 +64.96% +15.48% +49.48
gilboy7 < 20 4/21/2008 Outperform 3Y $9.56 +28.03% -19.67% +47.71 1 Comment
Jawillde 66.15 4/9/2008 Outperform NS $9.60 +27.50% -18.00% +45.50
OutstandingOdds 98.19 4/3/2008 Outperform 3Y $9.66 +26.71% -18.31% +45.02 2 Comments
Favorableodds 29.67 4/11/2008 Outperform 3Y $9.61 +27.37% -17.62% +44.98
scollier67 41.93 3/17/2008 Outperform NS $9.26 +32.18% -12.61% +44.79 1 Comment
SpecialSituation 98.34 4/14/2008 Outperform 3Y $9.64 +26.97% -16.20% +43.17

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackEinhorn 99.31 9/30/2007 Outperform NS $18.74 -34.69% -26.44% -8.25 1 Comment
TrackCowenandCo 74.62 7/18/2007 Outperform NS $18.50 -33.84% -26.94% -6.90
TrackPiperJaff 80.38 7/18/2007 Outperform NS $18.50 -33.84% -26.88% -6.96

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