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    Cosi Reports Loss Widened in the First Quarter

    Written on May 23, 2007

    Yahoo Finance.com reports that Cosi, a sandwich chain, recently reported its loss widened by 1 cent per share despite the 8% revenue boost.  This los has been attributed to costs of newly opened restaurants that have not yet reached their expected operating levels.  Jeffrey Farmer, a CIBC analyst, says the company’s agressive development plan led to abandonment of training and hiring selection, corrective action is underway at this time.

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