This is unbelievalble. Nothing matters - First quarter comps will be bad, higher gas prices, the payroll tax increase, fewer working days, bad weather, higher food prices, Obamacare, lawsuits, cannibalization (In my area a new store opened last year in the 2nd or 3rd quarter. It is located 3.4 miles East, 4.4 miles Southwest, and 3.0 miles Norheast of existing restaurants. New stores are taking business from existing stores) . Their sames store sales, and earnings are decelerating rapidly. The food is great, but there is limited variety. If CMG traded at the same PE as PNRA it would be in the neighborhood of 230, but none of this is important.
The important thing is that maybe they might have a price increase midyear, they are trying catering, and selling hoodies!!! It's more important what MIGHT happen, than what IS happening.
My thoughts are that the things that don't matter, will continue not to matter, until they do.. At that point they will be very important, and we'll have a repeat of last July.
Ye got it exactly right. That's how it is. Also, Forbes announced today that short interest in cmg has gone up. Does all this (the combination of what you said and shorties) tell you something?? It does to me: The price IS goona fall, Big Money is shorting, and the fall will be big. I think big like under 200 a f#*%g share!
I'll be away for a bout a month. Don't you think I'm dead! Just wanted to let ya'll know I have not covered my cmg shorts and will not while gone. Why? Because it's gonna go down. No guts, no glory.
Also, don't let Dicko opens his mouth too often while I'm gone. He will find out for himself what kinda investment he's gotten himself into with cmg. :)
they will win,einhorn is probably out, stock only will fall when the short interest goes down like it did in the past, short interest going up is a bad sign because the gamers will only use it to their advantage