And this jump is happening the week that several scathing seeking alpha articles came out. Shows what they know. I read one of the SA articles the other day and felt like I should sell. So that night stopped at a Chipotle near me to have dinner. Manager came out wiping tables (it was late and thus slow) and I asked how things were going. She said fantastic. So never gave a second thought to selling any of my shares. I'm up $30K+ today.
I was just pointing out that P/E is not a good metric to judge if a company is worth a buyout or not. Just like the ill-informed that think just because a companie's stock is $500, 600 or whatever per share that it is "too expensive." There are a lot of people that see one number and they base their investing decisions on that one number.
PCYC had a P/E of over 125 two weeks ago when I bought it. Today it has a P/E of 271......oh wait, they got bought out even with their high P/E. That said McD's owned a big chunk of CMG at one point but they cut it free so that ship has sailed. They admitted it was the biggest mistake they made in decades.
Dash cams are incredibly popular in Russia and many other places are catching on. Leave one running on your dashboard and if an accident happens that is your fault, hide the camera. If it is the other person's fault then you tell the investigating police that you have video of what happened. Just last week I was in an altercation with a weirdo unstable person that lives down my street from my house. He stopped his car as I was walking my dog past his house and he went total bat poop crazy with expletives and was screaming at me at the top of his lungs. He was accusing me of letting my dog do his business on his yard. I never ever let my dog do that. Anyway he was following me for a good ~100 yards all the while screaming at me. I finally looked over at him and told him it was all being recorded on a GoPro and my cell phone. He got real quiet and sped off.
Most of their weather is tied up in stock options. It is how they primarily get paid. Yet some people expect these workers and executives to just sit on their options and let them expire without cashing them out. It's the same with CMG, BWLD, ISRG and many other companies that pay their people with stock.
Here are my two data points and $0.02. In Colorado when I was snowboarding last month the line at Chipotle at 7 pm was over 75 people long. Two cash registers running and they were blowing the people in and out. Across the highway the Q'doba had ~10 people at the store. Also, Q-Doba opened a store here in the Twin Cities and then closed it for lack of customers.
You are going to get a ton of bashers piling on soon saying you are crazy. As a long term long here, and options player (not always a good one), I am long the stock and will stay that way. It has good earnings, is opening new stores, and its competition just can't seem to gain share. Other than that there is not much to know. Oh, and institutions LOVE this stock and own almost all of it.
I get notification of what patents are issued (number, title and asignee as part of my job) and I saw it and a bunch of news services picked up on it before Apple even did. It happens every Tuesday.
"Released their patents to the public?" Surely you misspoke. Companies do not "release" patents, the USPTO issues patents, and they do it when they are darn good and ready and the patent is issued (approved).
I just had an idiot pull out in front of me in a parking lot. I clearly had the right of way and he was looking at his cell phone and driving. I had to slam on the brakes to avoid hitting him. He pulled up beside me at the intersection and rolled down his window and cursed me out. I just picked my GoPro off my dash, pointed it towards him as he ranted and I said "want to continue being an idiot? I have you driving while texting which is illegal in this state." He sped off knowing he was beat.
For the record I have 3 GoPros and I also have a Pelican case with probably $600 worth accessories. I also just bought a Soloshot2 and will be buying a Phantom Quad Copter later this summer. This last weekend I got bowled over by a ski instructor at the local slope I go to. She got all up in my face about how I was the one that caused it and was going bat poop crazy for about a minute. Then she saw my GoPro (dangling on the side of my helmet by its tether cord because she hit me so hard she broke the mount), asked if it was on, and then walked away when I said yes. When more people start to see that kind of value, more cameras will be sold.
I'll admit, it could continue down, but this beast fights the trend tooth and nail. I heard on the radio the CEO is talking about 4-5000 "mini" Chipotle's in various strip malls and other locations? Geepers that could be huge.
I am just saying anyone that knows anything about this stock knows that it recovers and any short that takes a drop like last week's and does not cover is a fool. My prediction, in less than 30 days that loss will be erased.
Sorry but I love the smell of shorts getting smoked. If you did not cover since the most recent drop then you are not going to fare well. Just a warning. My broker says NFLX and CMG have crippled more shorts than all other stocks combined.
At the CIS show in Las Vegas last month there were 20+ drone booths. They are so big now they have their own section of the convention. I am shopping for one myself and I have several friends that are hardcore flying enthusiasts. Some of them are into POW racing with $5000-15000 copters. All of them say they are getting constant questions from newbs that want to get into the area and want to buy and fly copters with GoPros attached. They are first class snobs so to them all these newbs that want to buy off the shelf copters and expect to go out and fly and take awesome video are a complete annoyance. But, all of them admit, it is the next big thing and until the laws get tightened, expect a zillion of these to be sold and used.
Never buy on margin, and never short a stock. Buy puts if you really think it is going to go down because at least your losses are limited to 100%. Relax, wait until you start managing your wife's and your IRA for a decade or more like I have and you have a few $mill to work with. Cripes, I gain and lose $50k in a day on a regular basis. Lost some gains on Chipotle and Gilead this week and never expected either to drop. Linkedin comes along today and more than double erases what I lost on those two stocks. Overall I'm up for the week but it is a nasty roller coaster ride.
And you never walked into a store to actually see what was on the shelves or ask the managers how they were selling?
One sells a stock when #1, there is a better place to invest, ie a better stock to buy, and #2 the story has changed. That means checking in with a stock once per quarter and asking "has the story changed, and do I have a better stock to buy to replace it?' If you answer no to both questions then you stay and ride out the drop. I've seen plenty of drops. Take Chipotle last quarter. You would be hard pressed to find a more overvalued stock according to everyone's measure. They announced earnings and the stock dropped ($650 on 10-20-14, the next day it was $606). The shorts crowed but did not cover, the weak longs sold. The stock recovered in less than 25 days (back to over $650 on 11-11-14) and then proceeded to go up. to over $726. They just got slapped again, but the story is still good so I and the other smart longs are holding strong. Oh, and never sell for tax reasons.