Of Chipotle, Sino-Global, Valuation and Glengarry Glen Ross?
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
The Boiler Room?
(Image: Ruthless Reviews)
Apropos for tonight's theme of perceived value and boiler rooms, Glengarry Glen Ross stars Al Pacino, Jack Lemmon, Alec Baldwin, Alan Arkin, Ed Harris, Kevin Spacey and Jonathan Pryce. This 1992 American drama film was adapted by David Mamet from his classic 1984 Pulitzer Prize and Tony winning play of the same name, and directed by James Foley.
The film depicts two days in the lives of four real estate salesmen who are supplied with leads: the names and phone numbers of prospects; they use deceitful and dubious tactics to make sales. Many of the leads rationed out by the office manager lack either the money or the desire to actually invest in land.
When the office is given the news that latest sales contest has a new Cadillac as 1st Prize, a set of knives as 2nd and 3rd prize is, your fired, the atmosphere begins to heat up. This shabby real estate office, huddled under the L tracks, could be any white collar organization in which middle aged men find themselves faced with sudden and possibly permanent unemployment.
Tag lines - The hardest thing in life is sell; Stock Brokers steal money, but it's not your fault, it's theirs; A Story For Everyone Who Works For A Living; Lie. Cheat. Steal. All In A Day's Work.
And now, this was an eight minute cameo appearance which almost earned an Oscar, and one of the best soliloquies you will ever see.
(Youtube) Along the lines of perceived values and high pressure boiler rooms, perhaps...
Another Poster Child?
How does a glorified, overpriced, yuppi-ized burrito joint have a $11B market cap and it's stock visited to an all time high of $758 in Aug 2015?
In 2015, $4.5B in annual sales put Chipotle Mexican Grill (CMG) at #12 in the US. By comparison in 2015: #14 KFC $4.3B; #9 Pizza Hut $5.7B; and #5 Taco Bell $8.8B giving YUM $19B second only to Mickey D's (MCD) at $36B.
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- Last Time Out; Glengarry Glen Ross; Chipotle Mexican Grill
- Sino Global Shipping American ; Baltic Dry Index; Sino Institutional Investor's
- COSCO Subsidiaries; Price Action; Margin Debt; The Real Boiler Rooms
At the end of the day, think debt, leverage, high yield (HYG), mortgage, merger, corporate bond issuance (LQD) and buybacks. If one assumes those stocks are worth more than they were at end of 2011, bully for them and the greater fool they might sell them to.
What if those valuation assumptions (modeled in VAR's - vector autoregression) decline? Like all the leading indicators above, things other than contraband could be going Southbound and fast.... Of Dollars, Bonds, Profit And Quantitative Tightening?In the past we've Nattered about questionable and perceived valuations such as Amazon (AMZN), Tesla (TSLA) and UBER (unicorn). Seems those stock prices just keep getting squeezed up, much like salesmen in...
The Boiler Room?
Apropos for tonight's theme of perceived value and boiler rooms, Glengarry Glen Ross stars Al Pacino, Jack Lemmon, Alec Baldwin, Alan Arkin, Ed Harris, Kevin Spacey and Jonathan Pryce. This 1992 American drama film was adapted by David Mamet from his classic 1984 Pulitzer Prize and Tony winning play of the same name, and directed by James Foley.
The film depicts two days in the lives of four real estate salesmen who are supplied with leads: the names and phone numbers of prospects; they use deceitful and dubious tactics to make sales. Many of the leads rationed out by the office manager lack either the money or the desire to actually invest in land.
When the office is given the news that latest sales contest has a new Cadillac as 1st Prize, a set of knives as 2nd and 3rd prize is, your fired, the atmosphere begins to heat up. This shabby real estate office, huddled under the L tracks, could be any white collar organization in which middle aged men find themselves faced with sudden and possibly permanent unemployment.
Tag lines - The hardest thing in life is sell; Stock Brokers steal money, but it's not your fault, it's theirs; A Story For Everyone Who Works For A Living; Lie. Cheat. Steal. All In A Day's Work.
And now, this was an eight minute cameo appearance which almost earned an Oscar, and one of the best soliloquies you will ever see.
(Youtube) Along the lines of perceived values and high pressure boiler rooms, perhaps...
Another Poster Child?
How does a glorified, overpriced, yuppi-ized burrito joint have a $11B market cap and it's stock visited to an all time high of $758 in Aug 2015?
In 2015, $4.5B in annual sales put Chipotle Mexican Grill (CMG) at #12 in the US. By comparison in 2015: #14 KFC $4.3B; #9 Pizza Hut $5.7B; and #5 Taco Bell $8.8B giving YUM $19B second only to Mickey D's (MCD) at $36B.
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There is no cost involved and it has been our experience that if you exert control (by unchecking a box of two) over your communications settings in your Seeking Alpha profile, your email inbox will not be polluted with one bit of Spam (not even the cured pork shoulder variety. Tasty even.)
As we are now a "contributor" at Seeking Alpha, our published articles, instablog and comments can be found here. Please continue to follow The Nattering Naybob here and at Seeking Alpha. We thank you for your support.
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