guess CMG isn't favored by the bots...as they mindlessly grind up other stocks CMG is an orphan
where are the big balls buyers the last few days...they all want someone else to push it higher it seems
cant spec on the future so well but the past week has not been impressive enough to get me out of my 682 short...if anyone was actually buying this stock it would be over 700 right now...
Yes CMG might be worth $1000 some day. That is over 10 years away though. It is going to take many years for the earnings to catch up to what it is trading at right now. There are other similar restaurants around here that sell pretty much the same thing but cheaper. Chipotle has 2 stores in my local city and I never have seen them lined out the door.
If I owned it at 447 I would be out of it. I have seen restaurants with lines many times. Eventually the lines go down. There will not be a 27% increase every year. eventually there will be a 5% decrease and then a stock with a PE over 50 crashes. I am short out of the money calls. I believe it to be a good bet with the huge price of call options lately.
Really crazy stuff, that's what I say, most of it truth according to me, none of it lies according to me, I want CMG to soar now, so i can short it again. I know peoples 401k funds are buying it at $680+
and occasionally people draw money out, then cmg falls.
Its the nature of the game. The managers make the moola trading it.
you know i short it, then say crazy things, like over expanded, then cover right away.
I prefer non GMO food more than the average joe-schmoe out there
but i cannot help shorting at $680+
knowing that it is overpriced
if it were up to me, every McDonalds and Burger King would be sued for poisoning people, CMG would soar, but in reality, CMG doesn't impress me enough to think it is worth $680
wow I better sell of your info I own it at 447 and the lines are out the door waiting to get into their stores!
Here we go, a little Putin action mixed with some sector bad news, this can lose a lot of ground from the top of this mountain.
CMG has put themselves into a high liability (rent, labor, high food costs) and when other restaurants start using non-gmo the price will double, and "FOOD WITH INTEGRITY" will be just "FOOD" because the claim to fame will disappear. They are NOT the first restaurant that used this technique, they won't be the last
cmg debt is $0 but little equity also, just a run up in stock price based on future earnings, like it a gold mine or drug company about to make a ton of money, not realizing they over expanded, into markets where people could say "BEANS and RICE and a fork full of chicken $8 ???? my #$%$ I am paying $8"
labor and rent
food costs go down when sales go down
labor and rent stay the same
and management will always take their millions
no matter if the stock goes down $300 to $500
even in bankruptcy management always steals the last piece of the pie
Just one piece of bad news, they all run to the exit, $100 to $200 drop in a day this time, not $80 drop like the last time when it was $440.
Anything, such as food poisoning (their beef is terrible, unless you like fat) and even the chicken is lower quality than Wendys grilled chicken. I have been researching this stock for years. I never stay in a position long at all. I am short then cover. I only short low shorted stocks with p/e over 40
This company is a fad
competition will come soon
lots of competition
and with promotions
I only post after I short
then I let it run up
and do it again
They talking heads just mentioned this as best week in 6 months for NAZ...how has CMG done? I think
you may be right.