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Chipotle Mexican Grill, Inc. Message Board

  • billy_berew billy_berew Jan 16, 2013 1:51 AM Flag

    PreEarnings Release

    They have the SEC all over them right now. That's why they had to pre-release the earnings. They don't want any more insider trading.

    In any case, with only 3.8% growth and p/e of 35, this is headed for a 30% drop this week. Plus, in the conference call they will likely mention that store growth next year will be cut in half. They can't keep putting up 13% new stores with same store growth of 3.8%. That's pretty obvious, so don't be surprised when they announce only 80 store openings next year. As consolation to shareholders, I predict they will announce a dividend shortly. They'll also will have the news about Obamacare. The industry lobby was unsuccessful in getting an exception to Obamacare for fast serve restaurants. That means cost increases of $2000 per employee. EPS projections for 2013 won't be good.

    After all this is out, I think we start forming at base at $180.

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