“The business is fine. The management is broken.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 October 2017
⏱️ 31 minutes
🧾️ Download transcript
Summary
Chipotle shares hit a 5-year low after dismal 3rd-quarter results and disappointing guidance. Motley Fool Asset Management’s Bill Barker analyzes the latest from Chipotle, Anthem and GrubHub. Plus, we dip into the Fool Mailbag and continue our discussion of overrated & underrated Halloween candy. (Tangents include Bill’s age, Chris’ anger levels, and segues.)
Transcript
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| 0:00.0 | Support for market foolery comes from our friends at Rocket Mortgage by Quick and Loans. |
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| 0:13.0 | To get started, go to rocket mortgage.com slash fool. |
| 0:16.0 | It's Wednesday, October 25th. |
| 0:20.0 | Welcome to Market Foolery. |
| 0:21.0 | I'm Chris Hill joining me in studio today for Motley Fool Asset Management, |
| 0:24.7 | Bill Barker. Thanks for being here. Thanks for having me. There's no way with this theme, this week, |
| 0:31.0 | overrated, underrated candy, there was no way you were not going to be on this week. |
| 0:35.7 | So I appreciate you being here. |
| 0:37.2 | I appreciate being asked. |
| 0:39.5 | We're going to get into earnings though because earning season is starting to heat up and we should just |
| 0:45.7 | start with the utter dumpster fire that is Chipotle shares of Chipotle down 15% after a third quarter report that was in almost every way possible |
| 0:57.6 | a debacle, both in terms of the results and the comments from management |
| 1:01.6 | when Steve Elles comes out and says we're going to |
| 1:05.0 | slow down the store openings over the next 12 to 18 months so we can get the |
| 1:09.4 | fundamentals right. You are angry. Yes. Personally. Yes. You're personally angry about Chipotle |
| 1:19.3 | Stephen L's and it's not just about the hit to your investment, is it? |
| 1:25.0 | It's not. |
| 1:27.0 | Although it's probably worth mentioning that I no longer have an investment of Chipotle |
| 1:32.0 | because this was the straw |
... |
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