Below is a brief note from CEO Keith McCullough on why we're adding Noodles & Company (NDLS) to the long side of Investing Ideas today:
|
Yes, we're sellers of things we don't like at the top-end of the @Hedgeye Risk Range... But we're buyers of things we like at the low-end of the range too! One of the new Best Ideas (long side) that Howard Penney added to his roster in FEB of 2018 is Noodles (NDLS). It's signaling immediate-term #oversold today within a Bullish @Hedgeye TREND quantitative view. Here's an excerpt from a good Penney & Co. summary note: "As we stated in our February 2018 Noodles & Company (NDLS) Black Book the company’s refreshed leadership truly has been a breath of fresh air. The beginning of the new NDLS was the decision in 1Q17 to close 55 underperforming units. This move has propelled the company to new heights, allowing management to focus on driving unit profitability and implementing operational changes." Buy on red stripe, mon. KM |
