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Chipotle Mexican Grill, Inc. Message Board

  • emildebois emildebois Nov 26, 2012 2:13 PM Flag

    Read the CNBC clip ..

    .. about shorting the "luxury retails". Yahoo won't let me post it!

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    • .. of 11/26/12:
      "Short These Luxury Retail Names: Lamensdorf
      Published: Monday, 26 Nov 2012 | 1:27 PM ET Text Size By: Bruno J. Navarro
      Inventory problems look to drag down share prices for a couple of high-end retailers, Brad Lamensdorf of the Ranger Equity Bear ETF [HDGE 19.87 -0.03 (-0.15%) ] said Monday on CNBC.
      On “Fast Money,” he revealed short positions on Tiffany [TIF 62.56 -0.78 (-1.23%) ], Coach [COH 57.9666 0.0966 (+0.17%) ] and Fossil [FOS 0.27 -0.005 (-1.82%) ].

      “We feel like all of them have inventory problems,” he said. “All of them are going to have margin compression over the next several quarters.”
      Lamensdorf called out Fossil for some challenges ahead.

      (Read More: Let Dust Settle Before Buying Retailers: Pro)

      “They got slammed down to about $78 on the quarter,” he noted. “They’ve bounced back to about $86. You’ve got a CFO out this spring, and the founder left in 2010.”

      Green Mountain Coffee [GMCR 29.2465 0.6365 (+2.22%) ] appeared to have another step lower ahead, Lamensdorf said, comparing it to a tech name on his shorted list.

      “A good CEO helps, but in a name like Hewlett-Packard [HPQ 12.38 -0.36 (-2.83%) ], Meg Whitman can’t help a dying situation, and I think this is a similar situation,” he said.

      Other short positions include Goodyear Tire [GT 11.75 -0.08 (-0.68%) ], Baker Hughes [BHI 41.71 0.12 (+0.29%) ] and Chipotle [CMG 262.88 -7.79 (-2.88%) ]. "

 
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