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David Einhorn, who giveth new life (General Motors) and taketh away (Green Mountain Coffee...

David Einhorn, who giveth new life (General Motors) and taketh away (Green Mountain Coffee Roasters), now has Chipotle (CMG -6.5%) in his sights. His short thesis on the "nosebleed" valuation name focuses on Taco Bell and its updated Cantina Bell menu - despite previous reports tipping off that the effect has been minimal. Naturally, shares of Chipotle are diving off the Einhorn takedown.
Comments (11)
  • Sounds like a description of a wrestling match. LOL
    2 Oct 2012, 11:29 AM Reply Like
  • Impressive as the market immediately pays attention to the words of this man ... cmg, ci, gm, gmcr awful hits
    2 Oct 2012, 11:33 AM Reply Like
  • Well market said 'dont care' to his GMCR thesis. He was once right but the stock is too cheap to be short at this point. CMG is really sky high valuation at 38 times earnings but a good long term play if we can get it at like 25 multiple
    2 Oct 2012, 11:38 AM Reply Like
  • If that is true, beyond what this man says, must differentiate.
    What you say about CMG and GMCR is true. In fact in my comments when I tried these companies have recommended buying GMCR when shares were at $ 18 and sell CMG that had exceeded $ 400 ridiculously. Still expensive at $295
    2 Oct 2012, 11:50 AM Reply Like
  • yup. IMO, CMG has now become a "battlefield" stock in Cramer lingo. I wouldn't be surprised if he starts trashing it on mad money now that it's been "einhorned"
    2 Oct 2012, 02:40 PM Reply Like
  • Enough about Cantina Bell already, it tastes the same as all of their other items. Either you like TB or you don't, Cantina Bell isn't going to change anyone's opinion
    2 Oct 2012, 12:09 PM Reply Like
  • Einhorn is talking his book and is resorting to zany arguments. TB being compared to Chipotle - that is quite a stretch. Perhaps when we see rats overtaking a Chipotle we might get there. For anybody who has eaten at both places it stretches credulity to compare these two from a taste and freshness perspective.
    2 Oct 2012, 02:30 PM Reply Like
  • Agreed. If Einhorn is so concerned about valuations, he should take-on AMZN.
    Of course, he wouldn't dare doing that...
    3 Oct 2012, 10:55 AM Reply Like
  • Well now we know his investment theses just revolve around the letters G and M
    2 Oct 2012, 02:38 PM Reply Like
  • It shouldn't be "is targeting". Look at the stock, that is a "was targeted".
    My guess is that money has already been made. Now he needs an extra push from retail investors (and slow thinking hedge fund managers) like he did with GMCR. That finally broke the stock and pushed it way down. No doubt put options will go sky high in anticipation.
    2 Oct 2012, 04:07 PM Reply Like
  • Einhorn is another typical Wall St type - pushing his book at the forum provided by VIC. The stuff that he peddles about everybody using their own judgement is likely hogwash. The effect to the shorts was likely intended. And these guys talk about ethics and morals in their quarterly letters. Honor among thieves I guess!
    2 Oct 2012, 06:34 PM Reply Like
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