I love it when people go to a produce stand and they snub their nose at any fruit or veggies that have a bug or two on them or a nibble where a critter has taken a bite out of it. Yet, they will scream bloody murder if the plant is GM. Heaven forbid they deny the use of something that actually gives them the pretty and pristine looking fruit and veggies they want to eat. It's laughable. I grow my own veggies and I try to be as organic as I can, but sometimes the bugs do some quality control before I get there to pick the fruit and I'm ok with that. Just like I am fine with soybeans and corn that is effieicent to grow thanks to being Roundup ready.
Dividends are as dead as the dinosaurs. No company worth their salt is kicking off dividends unless they have absolutely no other place to invest their money. And that in itself is a bad sign for a company.
I only sell when I have a better place to invest. Right now I don't have a place like that to invest. I am heavy enough in a good number of stocks so I don't want any more of those. I am not seeing really many other companies with the same growth. I also want to be own at least 1-3 restaruant stocks and so this is the best I can find of the group. CMG is in my top 5 for all time biggest hits so I could see the stock drop to 10% of its current value and I would still be in the money. So, no reason to sell as far as I am concerned.
I'm here. Nothing fundamentally changed with the stock, just a slight retraction so no need to be here hearing the shorts try to move the stock.
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.