is its inconsistent service, one time they gave me too much to finish, the second time, I need 2 orders to stuff my stomach. And their food seems to be no different than Qdoba's. With growth slowing and food price inflation, I can't see why CMG claims such a high price multiple, I would say a 50% discount from here is more reasonable.
CMG may be better than Qdoba, but certainly not at this price multiple. Good companies also need a reasonable valuation to make it a good investment. I think 50% discount will make it an investment rather than speculation.