Despite a Blair downgrade, the champ performed like a champ once again. The Green Machine rolls on. As for the Blair report, they contradicted themselves which shows some really sloppy work. First they said that restaurant companies would be impacted by higher food costs including CMG. Then they turned right around and said CMG has great pricing flexibility. So what is the concern about higher input costs especially given it is a short term consideration. As an investor, long ago I learned not to worry about two things: the weather and commodity costs. The reason: both are short term factors. Commodity prices are based solely on the law of supply and demand. And these two variables swing back and forth with awesome regularity.
What happened today was a great opportunity to take advantage of an entry point. And I see that many did just that with the stock rallying 10 points following the dip this A.M. Congratulations fellow Chipotle investors. Long term you will be very pleased if you are among those who initiated a position today.
Are you happy blowing $12 on a overpriced greasy burrito. My last visit i swear to the portions were halved i asked the lady working what the hell was going on and she just shrugged her shoulders and said it came down from management. No wonder there was only three in line during my lunch hour visit i was absolutely disgusted with the pricing and quality. Many other much better dining options out there for the price and quality.
LOL long term you'll be selling at book value ($30) for tax season. They have no pricing strength what the hell is Blair pumping ROFLMAO. These stores have been dead with better, healthier and cheaper alternatives out there. Learn the restaurant game 'FADS' wear off and quick and this one started it's 'DEATH SPIRAL' two quarters ago. Now reverting to smaller portions, higher pricing, and cheaper food quality to attempt to squeeze margin will be the companies demise. Don't blink it's happening fast.