Okay...let's try this one more time. Correct Stock. Check! Correct price. Check! Correct timeframe. Check! Obviously, I am too busy today to really be writing coverages.
Long CMG into earings....long time horizon because I can see a market pullback in the next month or so. 336 price target conservative because of prior area of resistance.
Let's take this ride again! This time we are right before CMG earnings, and before a conference call where y0u can expect some chatter on their new Asian themed restaurant.
My thought is that this is the last day to get in before people start focusing on earnings.
Rehashing my justification from my prior coverage
This may surprise you, but there are many cities that don't have asian food. And then there are cities that have the lone Chineese takeout place that is run by the lone asian family in the city.
Well, if Chipotle's latest experiement works then that will soon change. I'm sure that their new restaurant will spread like wildfire in places - especially out of the big cities.
Check out the details on the link from DCist. They may know food, but apparently they don't know much about web security...if you can call protecting your web directory from world access security:
http://dcist.com/2011/09/yes_asian-inspired_dishes_can_have.php
Conservative timeframe for sure here...even though CMG looks like it has good support just over 300, so I think that the downside is limited.