Say goodbye to Chipotle's....

Discussion in 'Off-Topic' started by calmnothing, Jul 25, 2006.

  1. calmnothing

    calmnothing Shlimp Flied Lice
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    CHICAGO (Reuters) - McDonald's Corp. on Tuesday said it will dispose of its remaining stake in Chipotle Mexican Grill Inc. by the end of October, and posted quarterly profit in line with the preliminary figures it gave last week.

    McDonald's, the world's largest restaurant chain, said it plans a tax-free exchange of Chipotle shares for McDonald's stock, and will file a registration statement with the U.S. Securities and Exchange Commission in the coming weeks.
     
    #1 calmnothing, Jul 25, 2006
  2. BelvnAWD

    BelvnAWD I'm Vin, Bell-Vin...

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    But...what does that mean for the local franchises? They simply become independent right?
     
    #2 BelvnAWD, Jul 25, 2006
  3. MrCoffeeATL

    MrCoffeeATL Member

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    Chipotle is too popular (I hope!) to go away. Besides, what are SS and WJM going to eat after a long day of tuning?
     
    #3 MrCoffeeATL, Jul 25, 2006
  4. blink

    blink Member

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    this was announced back in april, just means Mcdonalds is dumping the rest of its ownership.. I doubt this will have any impact on the chains.
     
    #4 blink, Jul 25, 2006
  5. 1ll-WRX

    1ll-WRX Active Member

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    Hooters is right next door...:ddirty:
     
    #5 1ll-WRX, Jul 25, 2006
  6. MrCoffeeATL

    MrCoffeeATL Member

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    Hooters has terrible wings...but you don't go to hooters for wings:naughty:
     
    #6 MrCoffeeATL, Jul 25, 2006
  7. heathbar

    heathbar Member

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    (runs out the door to get one last burrito)

    j/k
     
    #7 heathbar, Jul 25, 2006
  8. Alex

    Alex Community Founder
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    Hmm, now may be a good time to sell your stock if you purchased it :)
     
    #8 Alex, Jul 25, 2006
  9. bigb996

    bigb996 teh Wannabe Mod

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    ^^^ seriously, i doubt it will go anywere....might change its name however
     
    #9 bigb996, Jul 25, 2006
  10. moose

    moose Infina Mooooooose!

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    Mickey D's only owned a portion of Chipotle's. Far as I know, Chipotle's is doing quite well financially. Matter of fact, they have a p/e of 30 and pulling in $1.56/share with sales growing SUBSTANTIALLY year over year.

    It's not like Subaru went bye-bye when GM dumped their 20% stake.
     
    #10 moose, Jul 25, 2006
    Last edited: Jul 25, 2006
  11. heathbar

    heathbar Member

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    Maybe GM should buy a stake of Chipotle.
     
    #11 heathbar, Jul 25, 2006
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