OMG Cramer followers, are you having fun? That son of a #$%$ has been pumping this stock for a long time and since then it has come down 70 points. Get out of this burrito seller. This stock is trading at insane valuations and stock market bubble is about to go bonker.
The technical chart is broken and predict an ultimate bottom of $385. So I'm long embracing the impact. After the company filed the 8k last week and the CFO told the world that the company was not going to make the number for the quarter just less than 30 days after providing the guidance this has WS negative lost confidence because its obvious that management is out of control. I still believe the company products are great but they need new leadership and new fresh blood . I hope Bill team get involve and push for leadership changes . Lets hope it happen soon . The missteps of food poison, the credit card fiasco and the lack of predictability indicate there is something fundamentally wrong. This driving the massive analyst sell ratings
close over 420 ?
Why anyone would pay for this food retailer 45 times of future earnings, and 60 times of present?
MASTER YODA THINKS CMG WILL SOON REBOUND IN PRICE TO $450 WITHIN NEXT 5 TRADING SESSION.
how many of you eat at $CMG? The one by me, still pretty quiet. I typically see young kids.
Ok, old news and more likely the last shake out before CMG heads to 500 a share. Investment is what companies do to be successful. Let the games begin.
Here comes the 300's.
NEVER let a fast talking Kyke run an overpriced burrito stand!
Cramer said Buy Buy Buy just 2 days ago -maybe put them inside a Whole Food Store.
HERE'S THE SEC FILING DETAILS FOR ALL OF YOU SELLING YOUR CMG THIS MORNING: "Item 8.01.Other Events. Chipotle Mexican Grill, Inc. is meeting today with a group of investors, and is filing this report in connection with the meeting to reaffirm and clarify its guidance for certain financial and operating results for the second quarter and full year of 2017 as announced in the company’s quarterly earnings conference call on April 25, 2017. For the second quarter of 2017, we continue to expect food costs to be approximately 34.2% of sales, and marketing and promotion costs to be up approximately 20 to 30 basis points versus the first quarter of 2017 to 3.6%-3.7% of sales. As a result, we expect other operating costs as a percentage of sales for the second quarter to be at or slightly higher than reported for the first quarter. For the full year, we continue to expect comparable restaurant sales increases in the high single digits, 195-210 new restaurant openings, and an estimated effective tax rate of approximately 39.0%. " TO ME THIS LOOKS LIKE A $32 GIFT ON BS REPORTS OUT OF INVESTOPEDIA THAT'S RUMORING CMG REPORTED THAT THEY'RE BOTTOM LINE IS GOING TO 'WEIGHT ON THE COMPANY'S BOTTOM LINE" DUE TO MARKETING AND FOOD COSTS". IT'S NOT WHAT WAS REPORTED. THIS IS AN ARTICL OUT OF THE LYING MEDIA TO CREATE A BETTER ENTRY PRICE ON CMG, BECAUSE THE SMART MONEY KNOWS CMG BLEW AWAY THEIR Q1, 2017 EARNING'S RESULTS. THEY SMOKED IT! I WOULD BE A BUYER ON THIS EXAGERATED NEWS OUT OF "INVESTOPEDIA". Honestly, I can't believe anyone even reads news out of Investopedia. LOL!!!
Will buy this stock only when Bill Ackman sell. better own HLF as hes about to run away and cause a massive short squeeze
One e-coli news and this #$%$ will be trading under 200. Want to take that risk?
Why is this down after hours
This stock is trading at 10x its value because the short squeezes, options trading, and high short interest do not let it drop to fair value. It is STUCK at a super high valuation, due to the side effects of short term traders and short squeezers. It is SAD to watch this thing remain stuck in no man's land with no chance of true price discovery, at too high a price, but can't drop to fair value.
Can MCD buy CMG? CMG was spun off from McDonalds.
This burrito seller that is trading at insane multiples is so risky that even one incidence of e-coli can bring this down to low 200s in two days. Why would someone hold such a garbage?
Big Money Rif
Wouldn't be surprised if this went down to $400. Think I'll buy some put options this week.
Wow an 8% weekly decline or another $1billion of shareholder value evaporated. A hair change in guidance demonstrate the lack of confidence and credibility . The CFO have been there too long since 2002 and doesn't have the market confidence and a handle on the company finances. This company doesn't provide good visibility and provide erratic estimates versus the actual make it an unsafe investment. The board ( Bill) need to push for a change so we can get credibility . The lack of action is hurting the investors. Still this a great business opportunity but the Board is not moving fast enough.
I went to the Chipotle in Bellevue, WA. Their industrial chic looked like a dirty auto shop. Floors greasy & dirty, stair rails downstairs we're sticky. They are losing control. Sold my stock and not eating there anymore.