Quote:
Originally Posted by GregWeld
Per the above post --- it will be interesting to see what happens with Chipotle Mexican Grill (CMG) tomorrow --- after the news of E.Coli in it's Washington and Oregon locations.
Here's why it will be interesting --- this stock is one of those "priced for perfection" stocks we talk about.... and the stock is volatile to begin with. So watch to see if this is a fantastic opportunity to get a great growth story at a nice discount -- or if the stock sells off and stays down for a couple quarters... because events like this can change peoples "habits" and the consumer is very fickle! We won't know that until it plays out. The chain may have a supply chain problem -- or it's efforts to be organic don't work well in a fast food chain like this.... We just don't know. Either way - it's of interest to learn from and you should GUESS what you'd do --- then see if it goes your way.
|
That was one of the IPO's I had passed on. Co-worker is heavy on IPO's and sub penny stock. He said, gotta jump on Chipotle. I said "Who?" LOL
He's 41 and pretty much retired. Last I heard he was travelling by motor cycle in Europe.
I don't like trendy stock cause these new stock guys are not very loyal. Little wake in the water and they jump.