just ridiculous numbers...irresponsible for fundies to be holding and pushing this stock higher...will bust in their face...few of them will get fired for holding this when the burrito bursts. Clearly a good short. IMO.
lol...nobody is "begging" Chipotle to be anywhere. No one really cares..REALLY. Sounds to me like, if anything, they are growing too fast for an impending high inflationary environment...so they will have more exposure to getting hit by all the adverse elements that are arising, including higher gas prices. I'd give CMG a P/E of 24, that's 50% more than MccyD's...That being said, CMG stock should be trading about $130/share. And even that's pricey.
Don't have much of a position here. Making a bundle in my GLD puts today as gold sells off. You may be right skii, and CMG could hit $300, but I think a selloff is still the better bet. Good luck though. There's plenty of money to be made by everyone.
Have you considered that any possible growth expectations, including putting burritos on Mars is priced into the stock about 100 times over??? Have you considered inflation? Have you considered gas prices? Have you considered competition? That Chipotle is going into Chinese is the tipping point...when you can't grow any more in your field, you try to go somewhere else. Even the best of earnings wouldn't justify the stock price. IMO.