John Zechner Chipotle Mexican Grill CMG-N DON'T BUY Aug 13, 2024

They missed their same-store sales based on a very high bar. Some disappointment here because expenses were higher and will open fewer stores than announced. Hold. Fast food is a crowded space now. Where else can you go?

A new CEO was announced. CMG faces a challenge from Starbucks and Shake Shack. The CMG chart is sideways as capital moves out of here and into Starbucks.

He heard today that next year's growth rate won't be that high, and still shares went up today. The is doing a great job. Trading this is a sucker's game. Own it and buy more on weakness.

It reports Tuesday. Always buy on dips. Is a fine growth stock in restaurants. 

Sells at 38x PE, so this will be down on today's tariff news, but buy it after all the tariff news.

They reported a quarter that people didn't like, but shares still rose. This means that this company has limited tariff problems. This stock will never be cheap, but it's rarely been down this long.

He sold it. Momentum faded from a revenue slowdown. He owned it for a long time.

Stock's down due to headwinds from macro economic concerns. Very well run, operations are spotless. Still runway for growth. Great chance to buy a quality company that's been hit.

It's quality on sale, though has disappointed this year. Expects unit growth and margin to expand. 

Is up 12.5% in 3 months. It's nonsense that their meals are too expensive. Problem is they haven't delivered two good quarters. If it does, it will break out again.