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Chipotle CMG, anyone looking
at it?
Is anyone looking at Chipotle, CMG? They just had a weak
earnings report, same store sales down 22% as it's taking longer
for customers to return after last years health scares than most
thought. Technically it's weak, hitting a new 52-week low and now
$370, and if earnings don't recover quickly then it still looks
expensive. OTOH, it probably will recover, as other chains before
it have, and Bill Ackman took a 9.9% share in the low $400's (not
necessarily a a great thing given his recent track record...), and
they are spending more on stock buybacks. I'm dipping a toe in the
waters here. Has anyone else looked at it?
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