Chipotle Mexican Grill (CMG) is swan diving down the elevator shaft this morning, falling over 20 percent from yesterday’s close. This stock was a darling of the momo crowd and with a P/E over 40 was priced for perfection with very little room for error. Though the company grow revenues by 21 y/y, they missed estimates by $16 million and are now being flogged by Mr. Market.
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