First of all E.Coli is not "food poisoning" it is an infection. Next thing is that the fact that it is E.Coli would lead me to suspect that it is possibly meat sourced or produce sourced.There is most likely a failure on two levels. They purchased meat or produce from a poor supplier and they quite possibly under cooked meat or didn't wash their produce properly. Since the outbreak happened at multiple facilities, I would say there is most likely a breakdown in their typical processes. Until authorities are clear how it happened and Chipotle corrects the process and the supplier, I would stay away. All of this is speculation on my part but I spent several years investigating these type of outbreaks.
They had a reputation for "healthy" eating. Now that is totally destroyed. People are just not going to pony up for a E.Coli laden burrito. That many facilities affected means that there is something wrong with the source of their ingredients and their processes.
There is no 1000 PE. Even the trailing is 275 but that is rearview mirror stuff. I think they will do a $1 a share in earnings next year. That makes it 45 times next year which isn't bad for a company that is growing over 100 percent annually.
This stock is a near perfect retirement stock. It is my second largest position for my retirement portfolio behind Microsoft. Another great retirement stock. Dividends are going to go up every year 10% plus. Big insider ownership and it has low debt. They are growing slowly and thoughtfully. If the stock goes down near term, I will buy more.
Some outlets are reporting a miss. This is because of GAAP vs Non-GAAP reporting. Non GAAP is the 67 cents and includes rev's from Windows 10. The GAAP doesn't include the Windows 10 rev's which drops the number down to 57 cents. Bottom line is that this is revenue and should be counted but the question becomes now or next quarter.
This is a big sector rotation. WMT news spooked retail and restaurants stocks. People figure labor costs going up and traffic going down or slowing. Nothing TXRH specific.
I would be careful. This is the third quarter in a row that they come in light. Each quarter seems to be getting worse than the next. When old man Sam Walton died that was the beginning of the end for Walmart. The rest of the family doesn't know what they are doing. The super center is a failure. They have people working at the stores who know nothing about displaying and marketing fresh food products running mini grocery store. It just doesn't work. They are slowing the opening of new stores and their expenses by their own account are going up. That does not look like a good situation to jump into.
Costco employees on average make $20 an hour. Walmart employees still make less.
Shareholders are taking the hit so a bunch of uneducated employees can get a raise. Along with the raise in pay they should have fired a few worthless employees. A big problem with Walmart is poor customer service. Giving bad employees a raise is not going to fix the problem at Walmart.
Folks, don't listen to this garbage. The stock wasn't behaving the way they waned so the reissued the same trash. I read the report. I will save you the trouble. It was an opinion piece saying that their monopoly is over. Mobileye is actually about software not hardware, that is where the bears go wrong. The company is growing at 80 %. year over year and about 20% sequentially. They are trading at 53x earning growing at 70-80 percent. PEG is below 1. Market share is 90 plus percent.. Not over priced. The CEO of Citron Andrew Left has been disbarred by he National Futures Association for fraud. Don't be scammed.