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Alias Born 08/11/2015

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Wednesday, 02/15/2017 2:44:51 PM

Wednesday, February 15, 2017 2:44:51 PM

Post# of 1644
I like this stock long term, but there is a much better time to come in then now. EPS hit .87 per share in Q2 2016, but has just done worse both quarters since. They have not yet shown signs that it is ready to turn around, so I am waiting for better signs before I go long. Until there is a turnaround, I see the share price just dropping from here. It has already hit a low of $352 in November. I expect it to at least get close to that mark.

CMG can ride this Trump wave for a little bit, and pretend like it was a big deal that same store sales in December were up, but the bottom line is that December of 2015 was right around the worst time for the reputation of Chipotle, and if same store sales were not up compared to that month which was so close to the last E coli breakout, then it would be incredibly bad. An increase in same store sales for December is expected, regardless of a turnaround or not. The true test will be Q1 results. I am short CMG for now, and those are my reasons why.
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