Finalmente!!!!!!!!! CMG Gets Its Beans Refried

Tim Knight from Slope of Hope's picture

Long-time Slopers know that I have had a special place in my black heart for Chipotle Mexican Grill. How do I hate thee? Let me count the ways:

+ The stock went up over 1,000% from late 2008 to early 2012 based on Mexican food which, in my opinion, is HALF as good as TWICE as expensive as anything I could get at any random Mexican joint in town

+ The completely bizarre, WTF behavior highlighted with the red line in the chart below showing the stock following a "something fishy is going on here" path for months on end;

+ The self-congratulatory signs in the store declaring that some - yes, some - of their ingredients were organic. That's like Hawaiian Punch's boast that they were made with 10% real fruit juice back when I was a kid. What's the other 90%? Urine?

In any event, the stock is getting its salsa ripped out this morning, down nearly $100 this morning. Hearty congratulations to buyers of put options on this former momentum favorite. Justice has finally been served on a platter.

0720-cmg

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cbxer55's picture

And no matter where you eat mexican food, you always get the smelly after-effects.

BBBRRRRAAAAAAPPPPPPPPP!!!!

He's pulling a trailer!

Quick, run for the border!

PHEW!

;-)

hannah's picture

back in the late 1990's i was in california for business and someone suggested we go eat 'burritos'....?what taco bell 39cent bean buttitos..? no lets go eat $8.50 designer burritos. i had never seen these before and i couldnt believe that people would line up to pay $8 for beans and rice.......

Dan Conway's picture

Has anyone ever noticed the only mexicans in a chipoltly are working in the back?  I have never seen a mexican eat there.  The hole in the wall taco joint in my neighborhood is much better than chipotly. 

Temporalist's picture

That is because home cooking is made with love and fast food is made with disdain.

Meesohaawnee's picture

and just like that Jobs report everyone gets their panites in a bunch over every beginning of the month. In three weeks it will be all forgotten just like the above mentioned. Just a trade today.. move along children. No problems here.

El Oregonian's picture

Chipotle just got "facebooked".

otto skorzeny's picture

actually- if you bought CMG a while ago you are still up a ton of $-if you bough FB at the initial offering-not so much.

Squid Vicious's picture

Cramer should have his face lathered with a fully loaded burrito for being bullish on this POS all the way to the bitter end....

MillionDollarBoner_'s picture

Did Buffet ever own this?

OsirisIsABlackGod's picture

I think I might eat at chipotle tonight just to be vindictive.

otto skorzeny's picture

actually banning gays and making the fat sweathog soccer moms that live by me wear headscarves sounds pretty good- how can i get Sharia Law in my town? how bout Jews and "People of Color"? can we also eliminate women from driving?

Shizzmoney's picture

The food is good; it's just that actual Mexian food is better.

mrktwtch2's picture

yo quiero taco bell!!

otto skorzeny's picture

i prefer taco bell over ANY mexican food(all overpriced slop- $13 a plate for some variation of a tortilla smothered in beans and meat-type stuff and lettuce))

cesarsp_us's picture

i prefer any Mexican food over CHUNKY Bell

Temporalist's picture

I prefer pink slime and corn syrup to all other foods

PicassoInActions's picture

don't worry, in a few month here in South Florida we get another mexican chain. One crap of food will substitude another.

There is No Spoon's picture

justice? it's just a stock, take emotions out of trading.

otto skorzeny's picture

if you LIKE a stock -does that not mean some emotion has been elicited? emotion is the driving force behind ALL human actions- and that holds true for our manipulated markets

Colonial Intent's picture

To use a name that was a nazi war criminal wanted for murdering  american prisoners in ww2 is really sick dude.