Friday, July 25, 2008

We can seat you now.

Well, it'll be interesting to see what today brings in the land of Chipotle stock traders. The last two days have been brutal, of course, as all the short-term traders got up from their tables and headed out the door. As noted on MarketWatch, the stock dipped to a new 52-week low in the process and is now just about at value status. Amazing. But not surprising given the short status alluded to earlier and the spookiness of the economy.

The brand and revolutionary proposition story remain unchanged. So for anybody on the sidelines, this is one hell of a bargain price to get a seat at the table. Almost a buy one, get one offer, as the promos say.

No comments: