Monday, April 3, 2017

Buy Chipoltle CMG

I bought Chipoltle today for $452 the following reasons.
- 18 month since e.coli meltdown and company has made a lot of progress fixing the issue.
- Steve Ellis seems as motivated as ever to fix the problem.
- Company continues to buy back stock.
- Mexican fast food should do relatively well in a general market downturn.
- Stock is down from $750 high 18 months ago.

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