By Diane Alter, Contributing Writer, Money Morning - • Print | Email
Chipotle Mexican Grill Inc. (CMG) stock price tanked again Tuesday after deteriorating customer service led management to question its 2017 forecast.
Shares sank almost 8% on the news.
Don't be tempted to buy the dip...
By Michael E. Lewitt, Global Credit Strategist, Money Morning • @MichaelELewitt - • Print | Email
I've spent years studying junk bond issuers, so I always get suspicious when I see a restaurant company, of all things, trading at high multiples of earnings, cash flow, or debt.
The restaurant business is notoriously risky, you see; there are few barriers to entry, fickle and economically sensitive consumers are at every turn, and it's extremely difficult to maintain high quality at any point on the price spectrum.
Still, it's not often you find a grossly overvalued (and overripe) company lying smack in the middle of the intersection of every single one of these very specific woes.
Yet that's exactly what I've found here.
In fact, I've just issued detailed trading instructions for profiting on this clunker to my Zenith Trading Circle readers, but this company is in such bad shape – such a perfect example of almost everything wrong with Corporate America today – that I had to let everyone know, so you can get the chance to profit now and later on, if a similar situation unfolds again.
Let's have a look at what my research has turned up - so long as you've got an empty stomach...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
The Chipotle stock price is rallying today on news that Bill Ackman has taken a 9.9% stake in the beleaguered burrito chain.
But we're still not buying in CMG stock even though the Chipotle stock price is rallying.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
The Chipotle stock price is down a punishing 40% over the last year and shares likely have further to fall in 2016.
We're not buying today's rally.
By Money Morning Staff Reports, Money Morning - • Print | Email
Yesterday, a top Chipotle exec was arrested amid a huge cocaine bust in NYC.
But he wasn't alone; there were other corporate fliers caught in the scandal...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
Before we get into where the Chipotle stock price is headed in 2016, here's what sent shares of the Tex-Mex fast-casual food chain tanking Wednesday.
First-quarter earnings were disappointing and a number of analysts cut their outlooks.
We've been bearish on the Chipotle stock price, and Q1 earnings did nothing to change our stance...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
Investors looking for a bargain following the recent rout in Chipotle stock are asking us if the stock is a buy following Q1 earnings on Tuesday.
The Tex-Mex chain is expected to post its first-ever quarterly earnings-per-share loss.
Here's how we're playing Chipotle stock at today's discounted levels.
By Jack Delaney, Sr. Cannabis Editor, Money Morning - • Print | Email
The Chipotle stock price received renewed interest after the company announced it filed a trademark for the name "Better Burgers."
Chipotle already has two other restaurant chains operating in Asian-inspired cuisine and pizza, and limited-service burger chains saw sales of $76.9 billion in 2014.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
The Chipotle stock price sank another 2% to $491.70 Wednesday, and shares of Chipotle Mexican Grill Inc. (NYSE: CMG) are now down 32.34% over the last six months.
And we've found the one number that will continue to have the biggest impact on the Chipotle stock price throughout the rest of 2016.
But before we get to that, here's a look at what sent the Chipotle stock price down again today...
By Cameron Saucier, Associate Editor, Money Morning - • Print | Email
The Chipotle Mexican Grill Inc. (NYSE: CMG) stock price rebounded today (Friday) after the company reopened a store in Billerica, Mass., that was temporarily closed after a norovirus outbreak on Tuesday.
CMG stock price fell nearly 5% on Tuesday after the news broke. On Friday, the Chipotle stock price bounced back 2% to $513.93 per share Friday in intraday trading.
