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We have been hammering home the BWLD idea since early January.  Our CEO Keith McCullough just shorted BWLD and we will be highlighting the BWLD idea on our best ideas call Wednesday May 23rd at 11am.  Contact Sales@hedgeye.com if you want to listen.  

The BWLD thesis: This stock is highly valued as it one of the few “growth” plays in casual dining.  The year-over-year increase in wing prices has a direct impact on EPS that we believe consensus is underestimating.  We expect negative FY12 EPS revisions over the next two-three months.