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Bloomin' Brands, Inc. (NASDAQ:BLMN) share price took a hit last week as the company posted 3rd quarter earnings that were mixed. Management reported adjusted 3Q earnings of $.57 cents a share vs $.10c a share for 3Q
Bloomin' Brands, Inc. Is Oversold: Buy The Dip
Summary
- Bloomin' Brands, Inc. sales and earnings better than 2019.
- Bloomin is free cash flow positive and growing earnings.
- Bloomin is in oversold territory, 2022 re-opening trade.
- Short interest at 19%, set up for possible short squeeze.
- Inflation worries overblown, management raising menu prices.
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