Greggs: Shares Still Cheap On Macro And CapEx Headwinds (Upgrade)

British bakery chain Greggs ( OTCPK:GGGSF ) ( OTCPK:GGGSY ) is not facing a shortage of headwinds right now, with soft consumer sentiment, cost inflation, and a CapEx-related cash squeeze all weighing on investor sentiment. As a result, Greggs' ADSs have been a weak performer sinceI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at ' ...