Rewind CMG to Jan 2nd. Overlay Amazon. Then ask: Really? 142%?
Fully admit an emotional dislike for Chipotle insofar as my belief that they are continually promoting promoting promoting and as of today the stock feels way ahead of itself here. It has reversed slightly off an intraday high.
The overlay of Amazon merely points out just how far CMG stock has moved and whether you like their food or not - it is difficult for me to rationalize that Chipotle deserves to have comas far as amazon in terms of YTD performance: In 2020, I have both AMZN and CMG up 142% as of today.
I am obviously considering shorting and am sharing the idea, but I have often wondered if these guys can buy back Billions of dollars of stock, almost at will. Upside performance w almost no corrections baffles me. Anyone?
The overlay of Amazon merely points out just how far CMG stock has moved and whether you like their food or not - it is difficult for me to rationalize that Chipotle deserves to have comas far as amazon in terms of YTD performance: In 2020, I have both AMZN and CMG up 142% as of today.
I am obviously considering shorting and am sharing the idea, but I have often wondered if these guys can buy back Billions of dollars of stock, almost at will. Upside performance w almost no corrections baffles me. Anyone?