Cosi Inc.
COSI
Company. Cosi "own[s] and operate[s] over 80 fast casual restaurants under the master-brand Cosí and our sub-brand Cosí Downtown in 11 states and the District of Columbia. Cosí restaurants are all-day cafés that feature signature bread and coffee products in an environment that changes throughout the day." (company website)
Buy. I bought Cosi early on Wednesday when it appeared that it would continue upward from the previous day's nice move on heavy volume. Alas, COSI reversed direction and drifted lower the rest of the day.
-8%
Sell. I unloaded Cosi Thursday when it began to move lower on a second day of heavy volume. I took quite a while to find buyers for my shares in the context of the sell-off.
This was not a Cozy deal.