Equity analysts speak their own bizarro lingo. Case in point: The following from a story on the recent financial miss by chinese food outfit P.F. Chang’s:
Fitzhugh Taylor, III, an analyst at Bank of America, said that “with
negative Pei Wei comps and continued sluggishness at the Bistro, we
believe there is a chance of further deleveraging of margins during the
quarter given external inflationary pressures.”
Easy for you to say … Fitzhugh.