What Did You Buy Today?

[crimsonghost747]

(03-18-2020, 09:02 AM)fenders53 Wrote:

(03-18-2020, 08:59 AM)crimsonghost747 Wrote: I've been looking at restaurants too. Not properly, just taking a look to see what's out there.
Honestly? Not seeing much, though MCD is starting to look interesting. I'd love to get my hands on some Chipotle but their P/E is still like 40?

I assume you aren't familiar with US restaurants.  There are some powerful chains with good enough balance sheets being given away.  I'll stay FAR away from the Momo like Chipotle.  That's one that could get chopped in half again.  Some of the others are at financial crisis lows and they are still selling carry out.

You're right, I don't have much experience with US restaurants. Zero from the investment side and very little from eating there too. :p 
I thought Chipotle had it figured out: fast service (even when the place was packed), good and relatively "real" food at decent prices. I really like their concept and ate there a couple of times and I was always satisfied. It's the kind of place I'd grab my lunch from if one would be around. But no, I'll never pay P/E 40 for a restaurant.