Greggs: A High-Quality Business At A Bargain Price

Greggs is the UK’s leader in food-to-go and operates more than 2,700 shops. The company has built one of the UK’s most recognized brands. The stock sold off by more than 50% despite This article was written by Atilla Zambito 258 Followers Follow Value investing has been my main passion for more than a decade. I look for businesses the market has given up on but that still have strong fundamentals, often trading at single digit P/FCF, though I'll pay up to 15-20x for genuine quality. I hold for the long term and try to ignore short term noise.Current holdings include Cake Box Holdings, Watches of Switzerland, Celsius Holdings, Springer Nature, MTY Food Group, and CTS Eventim, plus smaller positions in Greggs, PayPal, Oatly, and [email protected] Analyst’s Disclosure: I/we have a beneficial long position in the shares of GGGSF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any inves...