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- Chipotle Mexican Grill (CMG) - the Bear Gets Them All Eventually
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I’ve been negative on restaurant stocks since the beginning of the blog for reasons that are very apparent now but not back then in the “economy is fine, and inflation is a ridiculous concept” era. [Sept 19 - Tough Times Ahead for Restaurants?]Middle class consumer squeezed along with skyrocketing inputs for their food doesn’t bode well for profit margins in this group as a whole. We have the cheese inflation, the dairy inflation, the corn inflation and now the wheat inflation….
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24 July, 2008| Fundamental Analysis |
@ 13:45
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