Restaurant Stocks: A Lot of Hot Air
Bullish Bankers (June 12th, 2009) Writes:
Out of the restaurant companies that I am covering, 3 of the names were on my radar screen late last year, with a formal recommendation of Chipotle’s “B” [[CMG-B]] shares at around $45 per share in my Top 5 Stocks for 2009 article.
I still feel strongly that this entire sector at the very best, is going to trade sideways for awhile, and at average to worse, is going to decline significantly for at least the next few weeks to months. Let’s get right into each name.
Chipotle Mexican Grill:Insiders selling shares like there’s no tomorrow
Chipotle Mexican Grill owns and operates 860 “fast-casual” Mexican restaurants and offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.
Chipotle adheres to what
...Bank, Barrons, BJ's Restaurants Inc.;, Buffalo Wild Wings Inc., bullish bankers, BWLD;, California, Chipotle Mexican Grill;, Chris Fernandez;, craft brewer;, everyday food choices;, Excellent Management, Financial, food, free Internet access;, grown food;, investors business daily, lower advertising expenses;, Market Commentary, Panera Bread Company;, Panera;, pseudo-sports bar;, quality food;, Restaurant Correction Coming;, Russell 2000, S, Saint Louis Bread Co.;, sports bar audience serving;, sports bar;, Super Bowl, United States, USD


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