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Chipotle Stock (CMG)
Posted on 5/3/16 at 2:27 pm
Posted on 5/3/16 at 2:27 pm
What do yall think of this stock? They were obviously killed with the food poisoning stuff but it seems like they have got past that.
2
Posted on 5/3/16 at 3:57 pm to LSU1018
They made a killing previously without having to spend much at all on marketing. They are having to spend loads to bring back customers. It still will be awhile for those costs to bring them back to previous levels of profitablility
Posted on 5/4/16 at 9:09 am to HYDRebs
quote:
They are having to spend loads to bring back customers.
They are spending millions to maintain a PR image.
What they don't seem to realize is that 99% of people who eat at Chipotle continued eating their poop burritos
Posted on 5/4/16 at 9:14 am to GenesChin
No they didn't. They saw a massive drop in sales after the outbreaks. There are a lot of easy substitutes for burritos.
Posted on 5/4/16 at 9:42 am to lynxcat
Yeah, I never eat there now.
Posted on 5/4/16 at 9:47 am to GenesChin
quote:
99% of people who eat at Chipotle continued eating their poop burritos
Poop burritos? No wonder they had health issues, even if the poop was organic and GMO free.
Posted on 5/4/16 at 4:10 pm to LSU1018
I bought in at 414 and am still holding. Had a pretty quick 20% pop and then lost most of it the last few weeks. I'm going to sit on it until their next earnings release.
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