Manhattan Bagel Company is located in New Jersey, and has been spreading rapidly
across the country. The main company mostly makes their money by selling franchise
licenses and the bread and butter for their operations is the dough, coffee, and
other supplies that the franchisees buy from the parent. The stock was at $7 in Jan. 1995
and is now at approx. $26. IMHO, it still has some growth left in it, and it has some
solid growth behind it and hopefully in front of it. I would consider buying, personally,
around the $23-24 area and trade it up to $28. However, if I held the stock for longer,
it could appreciate nicely. |
