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Restaurant Stock #3 – Buffalo Wild Wings (BWLD)
Give the people what they want is a business model to live by, and right now they want wings and sports. And consumers are flocking to Buffalo
Wild Wings (BWLD) for its low-priced menu and sports bar-themed atmosphere.Prior to the economic recession, BWLD was one of the hottest restaurant names in the market. Higher chicken prices and a weak consumer pressured
shares toward the end of 2008. Since then, the company has recovered nicely, as its fare fit well with a budget-constrained consumer still interested
in a night or afternoon out of the house.I expect the company to see a big boost in profits going forward from lower chicken prices that have been in place for most of 2009. Without the
hangover of a poor economy, BWLD is easily a $50 stock. You can buy it now for around $34.I rate BWLD an A or strong buy.
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