When I bought CMG for $100 the PE was around 50! I new this stock had the best financials in the fast food industry and room to expand so I thought the PE might not be that important. If you won't buy a high PE stock then you have eliminated most of the biggest stock winners from your portfolio.
This stock just keeps dropping! I figure it can't get much worse. China economy is sick, BIDU earnings are dropping, and they spending what money they have on business like Uber. I have faith in the management that they will survive.