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.
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.
In the end, it's a PR stunt. Shophouse tells you all you need to know about their capabilities of expanding other brand concepts.
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.
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.
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.
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.
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.
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.
Cloud business is $2.6 Billion Revenue...that's their future? The Weather Channel? Please. Smoke and mirrors, you just can't see it.
Plenty of Cash? They are $35 billion in debt. They're taking all sorts of shots trying to buy a disparate group of companies and somehow put it all together into something coherent. Why would you bet on that working out?
The new business is 37% of revenue and increasing at 13% a year. The old business is declining at a much more rapid pace and that will accelerate.
This company is making a massive gamble in non-core areas, with less margin and more competition. The debt pile increases by the quarter as the sending folly continues.
This will end badly. Very badly. They should have returned money to shareholders, cut costs in accordance with the business decline and accepted that IBM would be a smaller company, going forward. Instead, they irresponsibly ended up rolling casino dice with shareholder money in a disparate array of business they know little about and it will end badly. Of course it will end badly, we're seeing it quarter after quarter.
Just a reminder, the company buy backs are either over or about to end. $1 billion flushed down the toilette. $300's ahead, nothing to support this piggy, now.
LOL. What they're attempting to do....transition a $150 billion company from high margin, impenetrable markets into an array of small acquisitions in low margin, highly competitive markets, is a complete joke. I'm laughing at you for believing in it.
The only winners are the owners of the start ups they're buying and shorts. You're neither. Enjoy the losses, they will be piling up. This is just the start.
Didn't this close just under $80 yesterday? What print are they using? Looked like it gapped down overnight and should be listed as down $1.30 something on the day.
Baba is the engine of the Chinese economy. They are the one's with the plan to go make consumers out of the 900 million people living in 600,000 isolated villages across the vast country. Do you think the Chinese government is in a position to crack down on that? Of course not.