D invests 🏴󠁧󠁢󠁷󠁬󠁳󠁿 🦥

Greggs (#GRG) is still a great opportunity in the FTSE250 at the moment, even with such a high short interest. The stock is down heavily, down -50% since late 2024 & sitting near multi-year lows yet the business itself isn’t broken. • Valuation reset - Shares are 50% off highs, pricing in most of the bad news already. 
• Still growing! FY25 sales +6.8% with continued store expansion (target 3,000+ locations). 
• Recovery potential? Analysts see double-digit upside and “Buy” consensus ratings. 
• Strong brand moat, Greggs is a dominant UK food-on-the-go player with loyal demand. 
• Dividend yield >4% meaning you get paid (and well) while waiting for sentiment to turn. • One of the FTSE most shorted stock, so if/when sentiment changes, expect a rerating and fast. • Management being active & using initiative to keep growth strong. For example, stores opening in petrol retailers, one of their new experiments. Yes, near-term profits are flat and consumer spending is weak, but there wouldn’t be an opportunity to buy this great company at a great price otherwise.