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Rap Sheet

Author:

Jester Debunker

Subject:

Off Topic

Date:

10/28/16 at 9:02 AM CDT

 

 

READ: 4

RPLY: 1

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Sentiment:

Neutral

Chipotle CMG, anyone looking at it?

Is anyone looking at Chipotle, CMG? They just had a weak earnings report, same store sales down 22% as it's taking longer for customers to return after last years health scares than most thought. Technically it's weak, hitting a new 52-week low and now $370, and if earnings don't recover quickly then it still looks expensive. OTOH, it probably will recover, as other chains before it have, and Bill Ackman took a 9.9% share in the low $400's (not necessarily a a great thing given his recent track record...), and they are spending more on stock buybacks. I'm dipping a toe in the waters here. Has anyone else looked at it?

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