Monday, April 17, 2017

Buy Chipotle CMG

I bought Chipoltle today for the following reasons;
- Stock down from $750 to $465 in last 18 months due to e.coli problems.
- CEO seems as committed as ever. Competitive statement vis a via Panera.
- Easy comparisons coming up for next 3 quarters.
- Same store sales in January up 26%.
Price: $465
% of Portfolio: 4.95%

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