Still worth watching though. If only one quarter of neg earnings they will make a good trend trade. It should become clearer after next earnings report. current upswing is normal ebb and flow IMHO and not "recovery"
If the move to Florida was plausible, I would do it - but not just for CMG food Wife and I both have family in the area so it would be hard to get her to leave.
I just don't get into CMG food...I like Mexican food, not CMG, and seems I'm not the only on here in my area....lol.
To me this one is just a no go. I looked a little closer at the fundamentals since my last post on this company. I just can't see how a stock with over $1 per share loss likely to be reported tomorrow with a mid $60 tangible book value can attract any interest at all as a $440 stock. Even the most optimistic forward earnings and revenue projections are lower then they were 2 years ago. I'm still surprised that they have not tanked more then they already have. Does anyone have anything good to say about the fundamentals or future growth prospects?
Reported after close today (4/26/16) Earnings: EPS -$0.88 Revenue $835M Estimates: EPS -$0.95 Revenue $868M
Oh the pain, another -6% I should start looking for a long position here, but first I actually need to go and eat something there!
Ill get one for you. Last time I went the line was out the door so I didn't stay. Headed there now to get a burrito bowl before spending the next eternity mulching around the house.
I can tell you that in the Northern Illinois area, the place is always packed. Lots of teenagers, adults with kids, business people, etc. I think that certain areas were not affected by the outbreak and people therefore ignored it.
It's now at 442 which is where I closed my position right before earnings. I guess I should have re-entered after the drop from earnings.
