Cloud business is $2.6 Billion Revenue...that's their future? The Weather Channel? Please. Smoke and mirrors, you just can't see it.
Sorry Buddy but no one sells business analytics to the tune of a $150 billion market cap. They had a very profitable moat that is under attack on all sides and what they propose to replace it with will never be nearly as profitable or stable. It's a $50 billion company in 12-24 months.
His argument was basically that CMG should be valued at what he anticipates it's 2019/2020 numbers will look like. That's insane. Should Alibaba be trading at $250 a share because it's expected to go up 33% a year between now and then? He basically posted a number that represents the best case scenario for the next three years...if all goes exceedingly well. He conveniently failed to mention the many, many risks including, further outbreaks, criminal proceedings by the justice department and the fact that Chipotle, like pop stars and fashion labels, likely has had its moment and will now just be a marginally profitable restaurant going forward.
Anyway, happy as heck. I took a some profit down in teh $430's and can just put it right back on again.
I agree. Him and the Wells Fargo analyst who, every time they announce bad news is the first one out with a price target $100 beyond where it's trading. Makes no sense, the company has deep problems on many levels.
I'm sitting tight. The one thing this stock needed more than anything else, it got..a weaker dollar. So long as the dollar weakens, this has nowhere to go but up.
Disagree. The buyback is down around $100 million left of over $1 billion spent. The sentiment around the stock is terrible. Too many longs got in below $450 and now is the time to strike against them. Earnings will likely be better than expected, although far from good, but enough for them to rally this.
Now is the time to go low and get the longs out of their positions.
This is it for you clowns. After today, no more options to monkey around with and the company buyback is close to zero. This stock will be mauled next week. Today is your day to get out.
In the end, it's a PR stunt. Shophouse tells you all you need to know about their capabilities of expanding other brand concepts.
The burger concept was a brilliant stunt. Unfortunately for long term holders, Chipotle has shown zero ability to build out the Asian and pizza lines so this is what it is, a stunt. Longs better hope another half billion buy back is coming or look out below after earnings.
Unless they announce a new buy back, you have no chance of seeing a retest. The last move was supported by an over $1 billion buy back. There's about $125 million left. Once that's over, look out below.
Not sure whats hard for longs to understand. There is no risk on the upside. This is no longer a growth story, it's a can we get back to where we were in two years time, story. Those stories ALWAYS end up with a 15 or lower PE ratio, something that will happen hear the minute the company stops buying stock everyday.
Wondering if they'll suspend the buyback. What's the point? The company is a long, long, long way from being a growth stock worthy of the valuation it would take to get it back to $750. The minute they stop buying the market will maul this thing so why throw the money away?
Oh yeah, its the same idiots making that decision as the one's who decided to operate will lax food safety and alienate the entire customer base by making hundreds sick and the same team that failed to handle the outbreaks in accordance with the law and the same management team who completely botched the aftermath and instead of putting the money into television commercials explaining and apologizing, they used all the money to buy back stock that could have been bought at $300 a share.
Anyone who is long this stock, with this management, deserves the losses they're going to incur.
Have him call the assignment desks at the local TV news affiliates. He needs to get the message out for the sake of other diners.
Man, Chipotle is just a roulette wheel....$11 bucks and you're either very sick or on the bowl dropping bombs.
How are you feeling about all of your "knowledge." Lol. Ad the analysts to the consumers and the media on the list of everyone that hates Chipotle. But you still have Cramer. He says buy...and that's some real knowledge there.
Did you read the comments referenced above? Over 400 in the "I hate, I will never trust them, Chipotle is disgusting," vein.
You're long the most reviled company in America and as such, will get your account emptied if you continue with your stupidity. You can get out this week. Next week you'll be selling at $430. Mark it down.
Based on the pace of the buying, they will have no money left to buy stocks by the third week of April which will roughly coincide with their earnings. Entirely possible they announce another chunk although after spending over $1 billion this year, I find that possibility hard to fathom.