A Restaurant Turnaround in the Making

Cosi (COSI) is small-cap restaurant company with a beautiful concept that somehow went terribly wrong over the years. Before the recession kicked in, shares were trading north of $6, valuing the business at nearly $300 million. Today, shares trade for $1, for a market cap of $50 million.

Back in 2007, the company generated an operating loss of $16 million on $132 million in sales. In 2011, Cosi generated operating losses of less than $7 million on about $100 million in sales. (Full-year results will be announced on March 29, but the company has already preannounced fourth-quarter sales of $26 million.) ...662 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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