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Speaker 3: So Chipotle has split a couple weeks ago and then
Speaker 3: suffered a recent decline. So what's the what's the deal
Speaker 3: with Chipotle?
Speaker 4: Now?
Speaker 3: Is it time to start mining Chipotle stock?
Speaker 4: I think so. I was slowly easing to it.
Speaker 5: I do want to see the succession plan, because when
Speaker 5: you lose a great CEO like the one they lost,
Speaker 5: it does have an impact.
Speaker 4: Now they do have great systems in place. I do
Speaker 4: like the stock.
Speaker 5: I do want to see what changes they would make
Speaker 5: after losing him, because some people are just great drivers
Speaker 5: of a business. He was one of them. But if
Speaker 5: we're going to be very honest, like that Stock one
Speaker 5: of the biggest mistakes that I made is when they
Speaker 5: had that deep dip and I sold off a few
Speaker 5: years ago in twenty eighteen, And it goes to show
Speaker 5: like and even though like I made it up in
Speaker 5: other AMD and video Lily stuff like that, Like it
Speaker 5: just shows the power of holding and letting the restructure.
Speaker 4: Will Liam is a great example of that.
Speaker 5: Before Elon got there, there was not as much fanfare
Speaker 5: for the stock. Just holding through every wave of ups
Speaker 5: and downs is really key. But fundamentally the business is there,
Speaker 5: great profit margins is great. We talked about it. I
Speaker 5: got like one of all the fast food places I
Speaker 5: feel comfortable like going to because of the quality. So yeah,
Speaker 5: great company. I would look to add some positions to
Speaker 5: it now. And I think it's one of those companies
Speaker 5: that you cannot miss out off for like the next
Speaker 5: five execuits.
Speaker 1: I went you, I went you. I mean, it just
Speaker 1: feels like a natural progression. That's kind of what we
Speaker 1: talked about when Stock split and what just so happened
Speaker 1: in the video. I think the double double whammy polls
Speaker 1: is that they you changed your CEO and right after that.
Speaker 1: So people don't like uncertainty. And for the past five years,
Speaker 1: definitely during the pandemic. We've seen Chipotle just after that
Speaker 1: twenty eighteen when they when they had the food.
Speaker 4: Oh yeah, that crisis was big. That would have crippled they.
Speaker 1: Yeah, it was tough and they took a hit for it,
Speaker 1: but they recovered nicely. We covered it, you know what
Speaker 1: Brian Nicole did to get them back on track. So
Speaker 1: now you lose that leader, now what And so that
Speaker 1: I think his effective date is as the new col
Speaker 1: Starbucks is September ninth.
Speaker 4: Right when Breake cuts.
Speaker 1: Right, So you're talking about like in the next week
Speaker 1: or two you're gonna have you're gonna name whose predecessor
Speaker 1: is that would be important to the future of the stock.
Speaker 2: But it is a short stock. Like I said that,
Speaker 2: the margins are great.
Speaker 1: So if it's a stock that was on your watch
Speaker 1: list and you're waiting to pull back like a guy
Speaker 1: like me, it might be a good time.
Speaker 5: Can we talk about the importance of keeping momentum at
Speaker 5: all costs because maybe fifteen years ago Subway with Chipotle,
Speaker 5: and now I'm worried if Subway is even going to survive.
Speaker 1: Subway has the most restaurants in the country.
Speaker 5: What one of the deepest pullbacks I've seen, just like
Speaker 5: sales are through the.
Speaker 1: Floor, and they just so they've watched the model, like
Speaker 1: Chipotle has definitely coming and taken over.
Speaker 2: Cava is now Cava's.
Speaker 4: I mean, if you put yoga i'm at in your bread.
Speaker 1: This is with the thing about Cova is that they
Speaker 1: don't have that many locations yet. Yeah, so the growth
Speaker 1: and the potential for growth is still there. So they
Speaker 1: come into space. Subway is now for the first time
Speaker 1: adjusting the prices. So the mistake, right, but what they're
Speaker 1: doing to here's what they're doing though, right, So like
Speaker 1: one of the plans is like let's give them more
Speaker 1: with a little bit of an elevated price, and so
Speaker 1: like let's say it was a meal that would of
Speaker 1: course sixteen ninety nine, they're now selling that for seven
Speaker 1: ninety nine. So they're trying to infuse new ways to
Speaker 1: generate income. But it's tough, right when people start looking
Speaker 1: at healthier options. Not that Chapole is the healthiest option,
Speaker 1: but it feels like it's a sophisticated fast food.
Speaker 2: Cova is now in that space. You got a couple
Speaker 2: other companies that are in the space. So it's tough.
Speaker 1: It's tough. You have to be innovative. They don't have
Speaker 1: the mobile part component.
Speaker 4: I mean, but it's hard to build a mobile part
Speaker 4: of the Food isn't what you eat that subway.
Speaker 3: What I eat and I don't eat fast food. But
Speaker 3: are your tuning fish chamis if I had.
Speaker 2: To from but I used to eat the kariakee chicken.
Speaker 4: Sandwich is good. Yeah.
Speaker 2: Did they hit me up about the chocolate? No, no, shot,
Speaker 2: he's paid.
Speaker 4: They thing.
Speaker 1: They said, that's not really a candy Somebody text me
Speaker 1: that it's not a candy bar?
Speaker 2: Is I don't know? They said there's no chocolate in it.
Speaker 4: You can have a candy bar without chocolate, can can you?
Speaker 4: Why not?
Speaker 3: That's a prerequisite to be a candy bar chocolate. Somebody
Speaker 3: gave me a payday too. Actually may be listening shouting.
Speaker 3: Everybody gave me a fist bum. Appreciate you. Shouts of
Speaker 3: food pubid that offered the hand sanitizer, appreciate you, thank you.
Speaker 2: I don't I know that. I thought it was a chocolate.
Speaker 2: It's peanuts and camera.
Speaker 5: I thought if it was just candy in it.
Speaker 4: I don't know.
Speaker 5: I'm not a hers, She's kind of s But I
Speaker 5: think it's really important for these brands because we're going
Speaker 5: through a shift. Like even with Starbucks, Dutch Bros. Is
Speaker 5: catching fire. Yeah yeah, So like, can you guys talk
Speaker 5: about the important of keeping momentum while the brand is
Speaker 5: hot and not falling back.
Speaker 1: It's the company line we say to each other all
Speaker 1: the time. Don't leave it why you're hot, That's how
Speaker 1: it may screwed up. Shot to Betha right, like when
Speaker 1: you when when it's it's hot, Paul Gasolino.
Speaker 2: And the way to do that is to be consistent.
Speaker 1: And so most people have to run like we just
Speaker 1: had leading up to the Vest Vest.
Speaker 2: People don't realize the work that it takes.
Speaker 1: That is an entire festival market, Monday still happens, your
Speaker 1: leisure still happens, Blackout still happens. There's other businesses that
Speaker 1: are happening, but you have to be consistent with all
Speaker 1: of them. And so that's what keeps you hot is
Speaker 1: because people can rely on you and they know you're
Speaker 1: going to be consistent, and the consistency brings trust, and
Speaker 1: with that trust now people feel like, all right, I
Speaker 1: can go to them. You get people from other businesses saying, oh,
Speaker 1: those are the guys you Yeah, you become the pillar
Speaker 1: of the space because it's like, all right, we can
Speaker 1: trust them. We know they're consistent, they've been here for
Speaker 1: a while, they're vetted. We like these guys. Let's rock
Speaker 1: with them.
Speaker 4: Yeah. Most people want to have the night that we
Speaker 4: had last nighte and allegend legend legend for me. It
Speaker 4: was an.
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