Expensive Stock + Deteriorating Margins = Sink To Crush Depth
I am thinking around $180 for a bottom in this environment. All of the major drivers short term are negative. Is Chipotle approaching saturation in The US? Can CMG really expand abroad, maybe MX or CAN?
Burrito Cliff - going long cmg between may 11 and now ( with small exception after 3rd qtr earnings) the buyer has a loss. Crush depth coming with tax loss selling over the next 6 weeks then 4th qtr earnings in January