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Chipotle Mexican Grill, Inc. Message Board

  • russ4433 russ4433 Feb 10, 2011 5:43 PM Flag

    After hours is basically short covering

    Do you really think anyone is going to be buying now at $20 over today's close? The valuation didn't make sense at $ really doesn't make sense at $280. All the buying this past week was the smart money. I guarantee the smart money will be out with a quick profit in coming days. The stock has risen almost $100 since last earnings call. They sell burritos for christ sake. I would rather own Apple at a 20x P/E vs. a company that makes burritos at a 50x P/E. Does anyone really think that CMG has more growth opportunity selling burritos than Apple does selling the iPad or the next best technology they can dream up?

    CMG is a good company, but this is a pure momentum play. Think Boston Market and Krsipy Kreme. I am not sure when it falls, but it is inevitable.

    Good luck to all who are long and short.

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672.79+3.5800(+0.53%)Dec 24 1:00 PMEST

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