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Chipotle Mexican Grill, Inc. Message Board

  • riley200834 riley200834 Oct 31, 2013 2:25 PM Flag

    Can anybody guess the top on this one???????

    Just keeps going up. I figured after the BIG one day run up a couple weeks ago it would come down. But what do I know

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    • Fair value is around 20 to 25x earnings. That puts you around 250/share. That is where the stock should end up. Right now it is momentum stock so the top could be here at 530 or it could go to 1000 or 2000. Once you leave any rational pricing based on fundamentals the only thing that matters is that it keeps going up. It is only once that stops and breaks down that the momentum guys all get out at the same time. The stock drops hard. Technical chart guys see all the breakdowns and they bail next. more downward movement. Then you often overshoot to the downside. So it could go back to 200 and it would not be terribly undervalued based on fundamentals such as earnings and growth using any DCF model

    • Not to mention that it reported negative earnings last quarter!!

 
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