feynmanresearch Posted December 8, 2015 Share Posted December 8, 2015 Just curious about whether you guys have still frequented Chipotle after the ecoli problem Link to comment Share on other sites More sharing options...
Travis Wiedower Posted December 8, 2015 Share Posted December 8, 2015 Nope. Assuming you're scuttle butting for a potential short idea, here's a write-up from Raper Capital on shorting Chipotle: http://rapercapital.com/2015/12/07/behavioral-investing-case-study-short-chipotle/ Link to comment Share on other sites More sharing options...
JayGatsby Posted December 8, 2015 Share Posted December 8, 2015 Nope. Assuming you're scuttle butting for a potential short idea, here's a write-up from Raper Capital on shorting Chipotle: http://rapercapital.com/2015/12/07/behavioral-investing-case-study-short-chipotle/ Comparing Chipotle to Lumber Liquidators doesn't make a whole lot of sense. One sold a high dollar item, infrequent purchase using inventory that didn't comply with multiple (very different) laws, denied it for a long period of time and got caught. The other sold $7 burritos, had a supply chain issue and seemed to take the appropriate actions to fix it (or at least figure out where the problem started). I ate there today. No crowds! I'm not really concerned about the long-term direct financial impact of e coli, but I do worry that it weakens their "better ingredients, better burritos" marketing. If the same ingredients are used in Boston and Seattle they aren't very local Link to comment Share on other sites More sharing options...
rkbabang Posted December 8, 2015 Share Posted December 8, 2015 I've been there at least twice since the first e coli story hit the news. Both times it was crowded and I had to wait in a line that backed almost to the door. Link to comment Share on other sites More sharing options...
Mephistopheles Posted December 8, 2015 Share Posted December 8, 2015 Look at the history of E. coli and salmonella outbreaks at fast food restaurant. Within a few months it will all be forgetten. Chipotle will survive and thrive. Idk whether the stock is good value or not. Link to comment Share on other sites More sharing options...
orthopa Posted December 8, 2015 Share Posted December 8, 2015 I have eaten there. Dont see the surprise in the E coli breakout. When you fertilize naturally and organically you use manure instead of fertilizers. There is e coli in shit. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted December 9, 2015 Share Posted December 9, 2015 I haven't eaten there since the outbreak, but it's not due to the ecoli outbreak. At least in Cincy there are local burrito chains taking market share. One such place is Curritos. They are a block away from the downtown Chipotle location. And yes the Chipotle has a primo location on Fountain Square and most of the time there's a line to the door. However, part of that long line is due to demand, the other part of it is slow service. The Currito location has four registers and two assembly lines. They will move 4 to 5 times the amount of people that Chipotle does during lunch hour easily. Another item is product control. I can go to this Chipotle on several different times, order the same burrito with same ingredients and none will be the same. For consistency and quick service I go to Curritos. I wonder how many other local areas have seen an increase in local burrito joints opening up. Have you seen the same? Link to comment Share on other sites More sharing options...
TorontoRaptorsFan Posted December 10, 2015 Share Posted December 10, 2015 This is the time to back the truck up and load up on more shares of Chipotle. This is a great company that is no longer a one trick pony. They're also growing with more ShopHouses and Pizzeria Locale locations. Management recently did a $300 million share buyback because of the E Coli issue. Link to comment Share on other sites More sharing options...
blainehodder Posted December 10, 2015 Share Posted December 10, 2015 This is the time to back the truck up and load up on more shares of Chipotle. This is a great company that is no longer a one trick pony. They're also growing with more ShopHouses and Pizzeria Locale locations. Management recently did a $300 million share buyback because of the E Coli issue. I agree it is a good company - as does the market. It isn't cheap by any means even with the e. coli drop. I assume it will get cheaper after a quarter or two orf terrible SSS regardless of the long term prospects. I will wait for that to (possibly) happen. Otherwise it hardly seems like a truck loading opportunity to me. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 10, 2015 Share Posted December 10, 2015 This is the time to back the truck up and load up on more shares of Chipotle. This is a great company that is no longer a one trick pony. They're also growing with more ShopHouses and Pizzeria Locale locations. Management recently did a $300 million share buyback because of the E Coli issue. I agree it is a good company - as does the market. It isn't cheap by any means even with the e. coli drop. I assume it will get cheaper after a quarter or two orf terrible SSS regardless of the long term prospects. I will wait for that to (possibly) happen. Otherwise it hardly seems like a truck loading opportunity to me. This is what I'm watching hoping/watching for. If Q4 results are miserable and it takes another hit, I might be interested. Also, I haven't eaten at Chipotle since the outbreak, but not because of e-coli. I just have generally found it expensive for what you get - but have eaten there occasionally and do enjoy it. I just live near Spanish Harlem in NYC and can find legit burritos for significantly less than the $8-9 they cost at CMG. Link to comment Share on other sites More sharing options...
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