Is this the time to buy Greggs after their drop over the last week? Still an extremely solid business with one of the best management teams around.
My only concern is the second wave but they have allowed for that with £150m loan from the government scheme which is now priced in. If there is no full lockdown if we have a second wave they won’t require that emergency capital. Over 50% from the highs and Q2 figures look promising if you can look past the cancelled dividend.