Following an excellent post and active comments section from Mish about the restaurant sector, I just tried to short some Chipotle Mexican Grill, but my broker doesn't have any shares to short, damn. This looks like a great one to short TODAY, especially since the shares haven't reacted despite the CFO saying business trends since mid-September have been weak (I'm paraphrasing), and commodity prices are "challenging".
What a no-brainer short. Oh yeah, and the P/E is 62 and the forward P/E is 43. Betcha earnings estimates are brought down this year as well.
Anyone have any other restaurant shorts to look at?