Friday, February 22, 2019

Barron's: Buy U.K. Baker’s Vegan-Sausage Roll, Sell the Stock

By SIMON CONSTABLE

The Brits have gone crazy for Greggs, a chain of 1,700 or so bakery shops, in part because of its wildly popular new vegan-sausage roll. 
Unfortunately, investors have been gobbling up the stock (ticker: GRG.UK), which has jumped 68% in the six months to Thursday versus losses of 5.1% for the FTSE 100 index, the benchmark for the 100 largest listed stocks in the United Kingdom. It looks like the shares have gotten ahead of the sausage, and shareholders should consider taking profits. Read more here.

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