Chipotle Stock Overpriced at $719

Chipotle stock has been on a tear.

After hitting a low in April 2014 of $476.28, the stock hit an all-time high last week of $719.99. That's a 51% jump in less than a year.

But don't get too excited, Money Morning Capital Wave Strategist told viewers of FOX Business' "Varney & Co." Chipotle Mexican Grill Inc. (NYSE: CMG) stock is overpriced. And it offers no dividend.

"This is a speculative story stock," Gilani said. "If I'm not going to be compensated to hold a speculative stock, then why would I buy it in this environment?"

Gilani sees Chipotle stock falling in 2015 - a lot. To see just how far this fast-casual eatery could fall, watch the video below.

 

The madness of the manipulation machinery on Wall Street knows no bounds...  Remember credit default swaps and the havoc they wrought on the financial system? Well, they're back...