A cult of crazed institutional idiots who are keeping this bloated Burrito at twice it's valuation.. Undoubtedly these crooks will unload the stock on retail joe schmo's who will take a merciless beating as it unwinds and plays itself out.
You really are getting desperate ... posting msgs every few second will not help your cause .... no one cares about your 2 cent worth of opinion .... bottom line stock is going higher, much much higher .... unfortunately your puts will expire worthless. I don'
Sentiment: Strong Buy
A simple earnings miss isn't going to do it as CMG has missed recently and actually gone up. Estimates for CMG earnings this quarter have also been ratcheted down significantly in the last quarter making for an easy beat.
You're going to have to be patient with this one. It's a cult stock.
CMG what a restaurant the food is better than McDonalds but worse if you are cooking it fresh yourself.
But $8 a burrito? That's overpaying. What is worse is overpaying $600 for their stock.
I see another $100 drop like it did twice before.
Missing earnings with 27 analysts covering it
Please think why buy when you know earnings will stink again?
A downturn will mean GOODBYE $600
Pollo Loco will give CMG a run
Qdoba Mexican Grill, Moe's Southwest Grill, Rubio's Fresh Mexican Grill, Panchero's Mexican Grill, Freebirds World Burrito, and Baja Fresh
Yeah, I shorted today, a lot of dough. I just think that at 4% shorted, not many will need to cover right away, little to no chance of a squeeze play like TSLA or HLF. I rather have shorted the other 2, but they are heavily shorted. I just cannot see CMG going any further, what drives it up? Especially with other restaurants coming in like all the Loco Pollo which is also msg-laced food but tastes so good. CMG does not appeal to me. That's another reason I short it. Ok, the real reason is the $600 price on something I value at $60. $13 million per store? $1.3 million is even over-priced. $60
You seem very scared ... posting silly messages every few second will not help your cause ... this is going higher, a lot higher.
Keep shorting !
Sentiment: Strong Buy
Longs, who will buy from you?
You can continually manipulate these shares, but the stock will be eaten from the inside to the management. Then when earnings dry up, as people cannot afford to buy a burrito stuffed with rice, who will buy from you?
Estimates were high, now they lowered the estimates, and still, who thinks a p/e of 60x is good?
Money managers, you will be caught as lawsuits will come when those who trusted you with their money say "$13 million for a rented burrito place with illegals working there?"
Look at all the negative news from the other eateries, from cupcakes to sandwiches. Think about it. Who will be left holding the bag when it drops? You? Perhaps. Yes, it will be you. You will say "I should have sold when I could have!"
They overpay for a $60 stock a whopping $600 with a p/e of 60x.
The institutions are using peoples 401k money and IRA money to overpay, at the same time knowing that they will short it and take huge profits. The only thing safe on shorting this is knowing it is only 4% shorted.
it cannot last forever. Besides the low equity of $60 or less. And P/E of 60x And the food is not that great.
HLF TSLA have high short interest, if it goes up, it really goes up.
CMG has a steady climb, but when it drops, it really drops, and people never learn their lesson.
CMG will take 60 years to make the money per earnings for its shares. 60 is the P/E. But CMG is only 4% shorted. not 35% or 50% shorted, just 4% shorted. With a P/E of 60. Don't even bother looking at the book value (equity) because if you are long you will say "WHAT?????"
Time will tell.
I just shorted
I have been to their restaurant and I always had heart pain, even when I ordered the safest thing, chicken with vegetables, no sauce no cheese, you know, what someone who just recovered from a heart attack would eat if their life depended on it. Still, my heart hurt. What is in the chicken or wrap? I don't know, but it is like poison to my heart. Someone may investigate it someday.
Dr. Vermin, what reports do you look at? These are what the reports say earnings have been for the last four quarters. June 2013, 2.82, Sept. 2013, 2.66, Dec. 2013, 2.53, March 2014, 2.64
Would you rather have me ignore the reports and look at the lines?
I'm not saying this is anything new. Its been going on for years. Cramer was the master at painting the tape. These firms have owned this name for that long. They've killed every short along the way. BTW, I read the reports and I write them for a living. I've been a public company CFO for many years.