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Chipotle Mexican Grill: 2nd visit

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We went to the Chipotle yesterday. This is my second visit (see my first visit exp here), and my wife’s first. It did not turn out to be a disaster, but it is obvious that my wife did not like Mexican food 🙁

On the other hand, the stock of Chipotle (NYSE: CMG) continued to do well in past 6 months, although they should have same “rising wheat and meat cost” issues as experienced by Panera, or (to a lesser extent), Starbucks. I think the main reason is, the consumers (black, white, Asian and hispanic) crave for the spicy Mexican food. Not the sandwich or latte from Panera or Starbucks.

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Chipotle and Panera

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Went to Chipotle Mexican Grill in my neighbourhood yesterday. I heard about it because of its stock (CMG) has done very well since IPO early last year (up 88%). I was curious about the food and the atmosphere so I went. It seems there are lots of young people, I mean people in 20s (Generation Y), which are generally younger than Panera crowd. At Panera, there are many older people in the morning. Also there are people working and gathering at Panera because of its free Wifi access and community feeling.

chipotle pic

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Mindray MR is Hiring

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Mindray, the leading medical device maker in Shenzhen, is hiring. Here is the link in Chinese. Most are R&D positions. And some campus recruiting events. Interestingly, I noticed they are looking for Spanish, Portuguese, German and Russian speaking sales person, as shown in this ad. From this and previous company’s SEC filings we can see the company still depends European (or South America) for the international growth. As you may know obtaining US regulatory approval for their product is a long process, although everyone knows this is the biggest piece of the pie.

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