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Tortilla Mexican Grill – The Times they are a changing ( and not for the better)

By Tom Winnifrith | Monday 18 July 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

An upbeat trading statement from Tortilla Mexican Grill (MEX) tries to paint a bright picture for this member of the shamed IPOs class of 2021 - listing at 180p on October 8 with founders dumping £23 million of stock, share price today 125p. But buried deep in the release is a clear warning of troubles ahead.

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