I am an investor in the real estate business for the last 35 years. you can read my blog on real estate at www.becomerichinfiveyears.blogspot.com . I also have an import export business of construction products www.rugking.com
SNAPSHOT
Description: Full time investor.
Trading frequency: Daily
Interests: Stocks - long, Stocks - short
COMPANY
Currently, there is no company profile for Ashok Soni.
Blog
becomerichinfiveyears.blogspot.com Chipotle Maxican Grill price over $300 is atleat 50 percent overpriced. This is a momentum stock. I know food and people habit of maxican food comes and goes. Burritos are the cheapest food . You eventuall get fed up eating this kind of good. Organic food what a gimmic ,people talk about it but when notice ...More
that they are paying 30 percent more for the food then they change their habits. I just feel bad for the small investors who will get burnt by this stock as they are buying on a hipe. Most of the investors buy on hipe. When something goes up they think it will keep on going up like the teck bubble and real estate bubble.
People had lost their shirts in Boston Market ,TCBY, Crispy doughnuts high flyers stocks.
Chipotle's prices are on the of a twenty percent long growth. But high prices in food an labour as they cannot hire illegal immegrants at cheap prices will drivew their profits down . More expension can also bring the stock down.As whilke they were opening new restaurants theu must have opened them at best locations, Now new locations may not be as desirable and that means profits will come down. Expension is always good but can be dangerous,
This stock has to come down . If I have few millions to invest I will keep on shorting it, and sooner or latter this stock will fall like a rock . It is way overpriced. I am short in this stock
BOOK
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Ashok Soni