Queso turns out not to be the savior for this mediocre fast food chain trading at a tech stock multiple.
Let's see 250s I want some cheap shares!
My first burrito at CMG was in Chandler AZ back when they were a private company. It was Awesome! lots of quality meat, red beans white rice pepper and onions and some healthy scoops of Salsa and picante. With a meal like that who needs chips and queso? CMG should go back to the basics. Dump the chips,queso and bring out a simple breakfast and turn this thing around. KEEP IT SIMPLE STUPID
Don't worry the cheese is the same as any local gas station but costs 10 times as much because they slap "local made" on it.
is there a new class action? suing because of the sh*tty queso? LoL
CMG is done, should not be trading more than 15 PE, which is 107 at max.
CMG has broken the double bottom support created only a few weeks ago. Now what? In simple terms, investors don't want to defend a price so it is abandoned and a new lower price support is developed.
I am sooooo glad to be out of this POS.
This stock will soon hit 250s. Do not buy yet.
A lot of mutual funds still hold CMG, but I believe they may have to bail out when the earnings for this quarter come out. I don't see CMG as a buy for the 2 quarters. I think it is a dead fish for a long long time.
Keep on tanking. I want in cheap.
MACD is rolling over. Support was at $297.21. New lows ahead...
Take a good look longs, today will be the last day CMG will close over 300. Tomorrow is going to be a blood bath.
Now that we know that a poor rendition of cheese dip is not going to save this company and restore memories of former glory, the stock is set for the next leg down on it's grinding journey to fair value.
20 P/E x $12 EPS = $240
My $.02. CMG is a long term buy. Interesting with the most recent negative news and downgrades the stock is holding up well. Shorts are still holding and now have their eyes on $250, may force a squeeze at some point...and could happen really fast as they run for the fire exit. CMG is a growth stock. They are building new shops. They are cash flow positive. They add cash Q over Q, and have fixed currebt issues. (I am underwater, and have been adding. CMG is one of my biggest holdings ave. cost $376.00 - 285 shares ;-(
It is always tough when down, but hope to hold long term....(5+ years)
CMG needs big 18 wheels to pull it up from the deep black hole. They don't have any good news and the future is so bleak. Foot traffic is a lot less than last year. The Texas and Virginia cases will produce the negative earnings. The number will be less than last quarter. The bad news just keeps coming. It will go down under 290 this month. I just short it today because I believe that the bad news will have impact on the stock price for at least 1 week.
slow bleeding which is unusual for CMG, yesterday CMG dropped like a rock. I see the bleeding process which is going on right now. I hope that CMG can keep 295 because tomorrow the market will fluctuate more than today. If the market turns negative because it rises for 6 days in a row, it is so scare. I guess that the Shorts will have happy days pretty soon, because they try to short CMG under 290 so many times. This time around I guess it will be the day for the SHORTS.
And now the EEOC is suing CMG on behalf of a male employee who's boss grabbed his chorizo and locked him in the freezer. NO MEANS NO!
3 Stocks to Buy and Forget About - buy buy buy
If McDonald's introduced a new salad dressing and got unfavorable initial reviews, would it be reason to sell the stock?