Quick restaurants still appear to be ok!
Like I've been saying - quick casual is still rockin'. Cosi reported 5.9% better sales this past quarter compared to a year ago. Cosi isn't the quickest in terms of food-ordered-to-chomping speed, but it's not bad either - similar to Chipotle (CMG) and Panera (PNRA).
I won't make the same mistake again and think that these establishments are the same as Cheesecake Factory (CAKE), California Pizza Kitchen (CPKI), etc... They're different.
Cosi happens to be the worst of breed stock in this space, but is beginning to look compelling as it may finally reach profitability.
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