Looking for Growth in Chipotle (CMG)
Today I initiated a position in Chipotle Mexican Grill (CMG). Chipolte was spun off from McDonalds during the first quarter of 2006. I personally enjoy eating at their restaurants. Chipotle is definitely popular with the college crowd. Lines are often out the door at the University of Illinois. Chipotle in 2006 has been compared to Starbux (SBUX) back in 1992. The stock has settled around $50 with about 2 points of downside. It seems to be holding $48 fairly well. Two down and ten points of upside. There is also room for upgrades as a fair number of analysts are bearish.
posted by Big Ben at Thursday, October 05, 2006
4 Comments:
I thought you might want to know that Chipotle is spelled incorrectly on your blog.
Chipotle is showing signs of strength, but still remains incompatible with the new American trend of eating healthier. I think Mcdonalds got rid of chipotle because they saw this dreadful realization coming. Though it offers a unique product that sells itself during lunchtime, I can't see it doing major damage in the fast food market. Just my 2 cents.
tjp,
I agree with you that America wants healthier food. Nothing at Chipotle is deep-fried.
Nothing may be deep fried, but Chipotle is barely healthier than Mcdonalds. Chipotle Calculator
Unless you order the burrito bowl every time, your burrito has a lot of junk in it.
Post a Comment
<< Home