Chipotle ipo

[theghost]

Reminded by the "Most Obvious Missed Opportunity" thread, anyone double up on this Wednesday?

[RiverTheNuts]

you cant just buy any IPO you want, you have to be invited by the company to purchase shares... considering how much I eat there they should have let me buy some.

Not to mention, you arent allowed to sell for something like 6 months after you buy shares at IPO I believe

[Kneel B4 Zod]

my buddy is an equity analyst covering this IPO...he bought a bunch!

[brick]

Yeah, it opened trading at about 40 so you've only missed a 4 point move so far.

[MrWookie]

Wait a minute. Aren't these guys owned by McDonalds? How can they have an IPO?

[Brainwalter]

They were wholly owned by McDonalds, who then sold shares to the public while retaining majority ownership.

[Aloysius]

[ QUOTE ]
my buddy is an equity analyst covering this IPO...he bought a bunch!

[/ QUOTE ]

KB4Z - I am very surprised to hear that your buddy's firm would allow him to purchase stock in a company he is covering that is IPO'ing. I know at Goldman this was considered conflict of interest. And this was like 4 years ago, I'm sure securities rules have become even more tight, and firms cracking down harder.

For a non-IPO'ing stock, I know we could purchase stocks in companies we covered / worked on deals, but there was a fairly involved disclosure process. I mean, think how much more wealthy Mary Meeker etc. would be if she could buy shares in companies covered by Morgan Stanley that were IPO'ing!

-Al

[Gunny Highway]

[ QUOTE ]
KB4Z - I am very surprised to hear that your buddy's firm would allow him to purchase stock in a company he is covering that is IPO'ing. I know at Goldman this was considered conflict of interest. And this was like 4 years ago, I'm sure securities rules have become even more tight, and firms cracking down harder.

For a non-IPO'ing stock, I know we could purchase stocks in companies we covered / worked on deals, but there was a fairly involved disclosure process. I mean, think how much more wealthy Mary Meeker etc. would be if she could buy shares in companies covered by Morgan Stanley that were IPO'ing!

-Al

[/ QUOTE ]

Probably buy side.

[Aloysius]

Gunny - duh, yeah, I just see "equity analyst" immediately think sell side cause that's what I used to do. Haven't thought much about possible conflict of interest issues for buy side analysts, but I guess cause their reports are mainly for internal use, none arise?

-Al

[Ed Miller]

I think it's 99% that these shares are overvalued. If they're some great deal, why would McD be selling them? If you wholly owned a profitable company, would you sell a piece of it at a discount to its intrinsic value for the hell of it?