Thursday, April 27, 2017

Buy Chipoltle (CMG)

I bought Chipoltle today for following reasons;
- CEO's Steve Ellis' continued excellence and enthusiasm.
- Management's reaction to e.coli issue.
- First positive earnings surprise since e.coli outbreak.
- Year-to-year comparisons should be positive for at least a year.
- Diversification into fast food to limit downside in market selloff.
Price: $484.34
Trade/Portfolio: 2.26%
Position/Portfolio: 6.65%

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