Published: January 29, 2016
Chipotle Mexican Grill was hit hard in late 2015 by an outbreak of foodborne illness cases traced back to its burrito eateries. Chipotle stock (CMG:US) saw a sudden end to its near decade long upward march since the company was spun off from McDonald's.
SumZero member Nick Mazing, portfolio m...
Published: December 12, 2013
Trading at nearly 40X EPS, the Market is extrapolating BWLD's historical growth rates far into the future. We believe the company's growth algorithm is fundamentally broken and the stock is poised for multiple compression as EPS growth decelerates. The Street believes, even if the core concept de...
Published: February 08, 2013
That fact that a $30 billion market cap company with an admirable track record of success lowered its guidance twice within a few weeks raised a red flag. It shows the business has near-zero visibility and no control of its fate in its country of operation. To add insult to injury, the overly opt...
Published: November 06, 2012
YUM’s China segment is becoming less correlated to Chinese exports and more aligned with disposable income trends. With the Chinese government's mandate to continue urbanizing its rural population, YUM's Chinese customer base grows and has higher disposable income.