CHIPOTLE MEXICAN GRILL: BEST IDEA SHORT
9/6/2016 at 11:00AM
Join the Hedgeye Restaurants Team, led by Sector Head Howard Penney, for an in-depth presentation and refresh to the SHORT case for CMG in which they see 50% of additional downside.
CMG is on their Best Ideas List as a short.
KEY TOPICS OF DISCUSSION
- Management does not appear to have a cohesive strategy to guide this ship
- Recovery is slow and the business model is impaired
- Aggressive unit growth is a leading indicator of future value destruction
- CMG consumer survey update
- The new normal P&L is vastly different from the past
- Margin analysis: What the upside is and how do they get there?
Attendance on this call is limited.
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Hedgeye Risk Management is a leading independent provider of real-time investment research. Focused exclusively on generating and delivering investment ideas, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing.
The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, uncompromised real-time investment research as a service.