Wednesday, March 9, 2016

Buy Chipoltle

I bought Chipoltle CMG for the following reasons;
- 3 employees are got sick with Norovirus in Massachusetts Chipoltle which caused 4% decline in stock vs up day for the Nasdaq, so it's a buying opportunity.
- Chipoltle continues to implement food safety plan which should make it one of the safest chains.
- Steve Ells has been running the business for 22 year, recently turned 50, plenty of room to run.
Price: $504.23
Trade/Portfolio: 1.01%
Position/Portfolio: 7.10%

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