TigerSoft News Service Originally 11/3/2008
www.tigersoft.com updated 6/16/2014 CHIPOTLE REVISTED
See at the bottom of this page my very positive comments back in December 2008
about the Pacific Beach Chipotle in San Diego.
GREED IS STARTING TO RUIN CHIPOTLE.
Chipotle still has very good food. But its two co-CEOs (Steve Ellis and Mority Moran)
have paid themselves about $20 million apiece since 2011. To brin g in this much
money and impress Wall Street. they have sharply raised their prices and regularly
nickle and dime their customers in all sorts of irritating ways. Believe it or not, now
they charge $2.55 for a bowl of plain lettuce, which is even more than the $2.20 they
charge for a side-order of chicken. The chicken used to be $1.75 and the lettuce
was always free along with a nice tortilla. That was only a few years ago. .
But GREED has changed everything. The averge Chipotle worker gets paid a
measly $8.50/hour. This is bound to make some of them pretty surly. How many
people reading this could live on this, much less help support a family?
Glassdoor reports the typical cred memeber gets less than $8.70 an hour.
If the manager toes the CEO's line about prices, service, sanitation, hygiene (or the
the lack thereef, he can hope to make $12.00/hour and have a shot at becoming a
General Manage who gets an average salary of $44,000.
Back in 2012, a lot of customers started noticing how Chipotle was nickle-and-diming
them by ROUNDING UP their bills to the nearest nickle. After the story
got out, New Jersey's Dept. of Consumer Affaits forced Chipotle to ROUND
DOWN the bills. Chipotle tried to claim they were just trying to speed up
their lines. But this makes no sense. The money is dispensed automatically by
a machine..
See Chipotle Caught Cheating Customers Out Of Pennies, Aug 28, 2012
It used to be that every single Chipotle worker seemed super-friendly and helpful.
Those were th good old days. Now you are forced to fight for a fair price
and even a decent serving of vegetables. I notice now it is much more common
to see unhappy customers at Chipotle's. There never used to be any
complaints. But now the pressure to make more MONEY for the big bosses
is frequently cited by unhappy Chipotle workers. Read some of the
horror stories these workers tell.
Is it legal to not allow workers to use the restroom? Without a union, the individual
worker has very little protection. Any complaints and you'll be fired.
" You were not permitted to use the restroom in the 7.5 hours you had to stand
there for your shift. The only time you were allowed to do so was when you got
your half hour lunch break that you had to eat on also. One of my fellow employees
had to go so bad one day and all the managers were "doing a trash run," aka, smoking
out back. She went very quickly and returned to ring out customers that had only been
waiting a few minutes. She was fired at the end of her shift.
People are starting to complain about how high the prices are compared to what one gets.
"The only reason I went here was because my sis had a coupon for buy one get one free.
So I thought why not? The staff was very nice and helpful with our questions.
I guess I am spoiled because of all the good Mexican food I have had, I just did not think
their food was that great. Also, I am a huge hot sauce connoisseur and the fact that
they don't have a salsa bar is a huge no-no in my book. Also, if I'm going to pay for chips,
they better be some dang good chips. Their chips were pretty nasty. Overall, I doubt I will
go here again. There is just so much better Mexican food elsewhere I don't see why
I would spend $8-10 on a meal that isn't that satisfying when I can go down the street
and get something a million times better.
Read more:
http://www.consumeraffairs.com/food/chipotle.html
http://www.yelp.com/biz/chipotle-mexican-grill-san-diego-4
http://www.yelp.com/biz/chipotle-mexican-grill-san-diego-6
The stock has risen more than 1000% since I recommended the stock here
in December 2008. I sure wouldn't own the stock now.
======================================================================================
11/3/2008 Greenspan's Admits He Was Terribly Wrong.
World's Markets Catch Pneumonia from US Cold
and The Avoidable Financial Mess
Created by CEO Greed and Self-Serving
"Free Market" and De-Regulation Indeologues.
World Market's Down 55%
11/27/2007 TigerSoft Warned You A Year Ago.
Also GRILLED:
Chipotle's (CMG) Great Food and Modest Prices.
(An unsolicited testimonial from a hungry Tiger)
by William Schmidt, Ph.D. (Columbia University)
(C) 2008 All rights reserved. Reproducing any part of this page without
giving full acknowledgement is a copyright infringement.
Research on Individual Stocks upon Request:
Composite Seasonality Graph of Any Stock for $125.
Example of historical research NEM - Newmont Mining. Order Here.
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World's Markets Catch Pneumonia from US Cold
and Its Avoidable Financial Mess
Overseas markets have been hit much
worse than US markets by Wall Street's
Bust and Collapse.
Here are the changes in prices of country ETFs for the last year.
The DJIA outperformed all the world's country funds. The SP-500 (SPY) was
third. Not shown the QQQQ (Nasdaw-100) was down 40%, placing it ahead
of every country fund but Japan's and Switzerland's.
Days back= 252 11 / 1 / 2007 - 10 / 31 / 2008
Rank Symbol Name Price Pct.Gain
----------------------------------------- ------- --------
USA DJI-30 9350 -32.0%
1 EWL ISHARES MSCI SWITZERLAND INDEX 18.3 -33%
USA SP-500 96.83 -12.9%
2 ITF ISHARES S&P-TOPIX 150 INDEX FUND 39.89 -36%
3 EWJ ISHARES MSCI JAPAN INDEX 8.99 -37%
4 JOF JAPAN OTC EQUITY FUND 6.45 -39%
5 HKG NETS Hang Seng Index 14.62 -41%
6 PWJ PaineWebber Group 14.35 -41%
7 IXN ISHARES S&P GLOBAL TECHNOLOGY 39.85 -43%
8 IXP ISHARES S&P GLOBAL TELECOMM 46.68 -43%
9 VPL Vanguard Pacific Stock VIPERs 42.13 -43%
10 EWM ISHARES MSCI MALAYSIA (FREE) 7.15 -44%
11 EWC ISHARES MSCI CANADA INDEX 19.18 -46%
12 EWP ISHARES MSCI SPAIN INDEX 35.45 -47%
13 EWG ISHARES MSCI GERMANY INDEX 18.48 -48%
14 EWQ IShares MSCI France 20.5 -48%
15 FEZ FRESCO DOW JONES EURO STOXX 50 32.95 -48%
16 VGK Vanguard European Stock VIPERs 41.72 -48%
17 EWT ISHARES MSCI TAIWAN INDEX 8.82 -49%
18 EWW ISHARES MSCI MEXICO (FREE) INDEX 30.9 -49%
19 IEV ISHARES S&P EUROPE 350 INDEX FUND 31.39 -49%
20 ILF ISHARES S&P LATIN AMERICA 40 INDEX 26.6 -49%
21 EWU ISHARES MSCI UK INDEX 13.36 -50%
22 EKH HOLDRS EUROPE 2001 46.1 -51%
23 EZU ISHARES MSCI EMU INDEX 29.96 -52%
24 TFC TAIWAN GREATER CHINA FUND 3.97 -52%
25 CH CHILE FUND 10.02 -53%
26 EEM ISHARES MSCI EMERGING MARKETS 25.49 -53%
27 EZA ISHARES MSCI SOUTH AFRICA INDEX 34.52 -53%
28 EWI ISHARES MSCI ITALY INDEX 16.47 -54%
29 EWN ISHARES MSCI NETHERLANDS INDEX 14.95 -54%
30 EWS ISHARES MSCI SINGAPORE INDEX 7.03 -54%
31 EPP ISHARES MSCI PACIFIC EX-JAPAN 26.38 -55%
32 EWA ISHARES MSCI AUSTRALIA INDEX 15.15 -55%
33 EWH ISHARES MSCI HONG KONG INDEX 10.42 -55%
34 EWZ ISHARES MSCI BRAZIL INDEX 37.96 -55%
35 VWO Vanguard Emerging Markets VIPERs 25.21 -56%
36 EWD ISHARES MSCI SWEDEN INDEX 15.22 -57%
37 TWN TAIWAN FUND 9.9 -57%
38 CHN CHINA FUND 19.86 -60%
39 SGF SINGAPORE FUND 8.1 -60%
40 TF THAI CAPITAL FUND 5.99 -60%
41 EWY ISHARES MSCI SOUTH KOREA INDEX 28.14 -61%
42 JFC JARDINE FLEMING CHINA REGION FUND 13.17 -61%
43 PGJ PowerShares Gldn Dragon USX China 14.74 -61%
44 GRR ASIA TIGERS FUNDS 11.97 -62%
45 INP IPATH MSCI INDIA INDEX 32.78 -63%
46 KEF KOREA EQUITY FUND 5.54 -63%
47 MXF MEXICO FUND 16.57 -63%
48 FXI iShares FTSE/Xinhua China 25 Fund 25.16 -64%
49 EWO ISHARES MSCI AUSTRIA INDEX 14.03 -65%
50 EWK ISHARES MSCI BELGIUM INDEX 9.03 -67%
51 IFN INDIA FUND 20.35 -68%
52 CEE CENTRAL EUROPEAN EQUITY FUND 19 -70%
53 TRF TEMPLETON RUSSIA FUND 22 -70%
54 IF INDONESIA FUND 4 -71%
55 IIF MORGAN STANLEY INDIA INV.FUND 15.16 -75%
56 GCH GREATER CHINA FUND 8.29 -80%
57 MF MALAYSIA FUND 3.87 -87%
TigerSoft Can Keep Investors Out of Big Trouble.
Greenspan Admits He Was Terribly Wrong.
After the Crash of 2008, Greenspan finally admitted he had been wrong to favor
de-regulation
of
banks. On October 23, 2008, he admitted to Congress that he was wrong to have
trusted the
most
powerful bankers to act in their long run self-interest and that of their share
holders. He
explained:
"I made a mistake in presuming that the
self-interests of organizations,
specifically banks and others, were such as that they were best capable of protecting
their own shareholders and their equity in the firms."
What he should have said was
that multi-million dollar bonuses determined the
self-interests of Banking CEOs and Hedge Fund Managers. To make big short-term
profits,
they lied, obfuscated and hid the truth from investors and shareholders. They
recklessly used
leverage. They knowingly gave shareholders and creditors misleading financial
information
and
credit reports to exaggerate short-term profits and procure obscene bonuses for
themselves.
They
cared little about the consequences to millions whose life-savings and jobs were destroyed
in the process.
"What’s
remarkable about this is 
that
same erroneous belief is THE key pillar of all free market ideology. Without it,
the
entire edifice supporting the market worship fetish of the Libertarians, the Austrian
School, and most economists collapses into rubble, just as our financial system has
collapsed. It’s
hard to accept that economists could really believe such nonsense;
I suspect that much of their religious attitude toward markets stemmed from their regular
paychecks from corporations benefiting from such dumb, unsupported beliefs."
(Blue and Red colors in the original for
emphasis.
Stephen Zarlenga, American Monetary Insitute - http://www.monetary.org. )
See TigerSoft's previous Blogs on Financial Crisis and its
Causes.
http://www.tigersoftware.com/TigerBlogs/September-18-2008/index.html
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Chipotle's Great Food and Modest Prices Let me tell you about my favorite place to eat in San Diego. Chipotle has wonderfully good Mexican style food at very fair prices. I love their chicken with rice and salsa. I go there 3 or 4 times a week, easy. It's much better than food I paid 5 times more for in some high-priced "chic" restauants. It's much tastier than McDonald's and is quite comparable in price. Why is the food so tasty? The people there are very well trained. They always seem to get the cooking right. The chicken is freshly grilled. It is diced just the right size so that the Chipotle seasoning's flavor comes out perfectly each time. The burritos and tacos are customer designed. I love chicken, but they offer much praised vegetarian and meat food. I see lots of San Diego policemen eating there, too. It's significant that they never seem to eat at McDonald's, Burger King or Denny's. This is much better food and it's priced very reasonably. Everywhere I look around Chipotle's, I see pledges to the company's commitment to "unprocessed", "family-raised", "natural", "hormone free" and "organic" food. Their website says that they serve "more naturally raised meat than any other restaurant in the world". There are 704 Chipotles in 33 states and DC. .The founder and CEO is Steven Ellis, 43. Chipotle's stock. CMG, has lost 67% of its value since peaking at 150 at the end of 2007, two months after going public. Chipotle's quarterly earnings for the 3rd quarter fell to $19.5 million, or 50cents, per share compared to $20.6 million or 62 cents/share, reflecting the drop in economy's slump. The company announced it will use $100 million of its funds to repurchase its class B shares. Chipotle plans to open 135 to 145 more stores. Yahoo gives the following information. Chipotle Mexican Grill, Inc. 1401 Wynkoop Street Suite 500 Denver, CO 80202 303-595-4000 http://www.chipotle.com 18,800 employees. Recent news: Chipotle's Q3 A Mixed Bag at Investopedia (Tue, Oct 28)
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