Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I previously commented on FTSE-250 constituent Greggs plc (GRG) in April HERE when the shares were trading at 420p. I concluded then that the stock did not look particularly attractive given that key headwinds the company was facing showed little sign of abating any time soon. This has been borne out by results for the first half of the 2013 calendar year from the company today – which have seen the shares fall to just above 400p, capitalising it at just over £400 million. The following updates…
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