Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Wow the second straight quarter of absolute disaster for Chipotle Mexican Grill (CMG). As I type it is down 11% in after hours after the destruction it faced the past three months. A classic lessons on the dangers of momo stocks once they turn for the worse.
Q3 EPS of $2.27 misses by $0.03. Revenue of $700.5M (+18.4% Y/Y) misses by $1.7M. (Same store sales below +5% – down from the traditional double digit pace of yesteryear)
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
