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Chipotle (CMG) gets a lift from Miller Tabak with a solid upgrade to a Buy rating and fresh $360...

Chipotle (CMG) gets a lift from Miller Tabak with a solid upgrade to a Buy rating and fresh $360 price target. The investment firm makes the stock its top restaurant pick for 2013 on its thesis that higher menu prices and a rollout of a soft corn tortilla will be major drivers for improved Chipotle traffic and margins this year. CMG inactive premarket, but a mini-rally could be on tap with another firm taking the anti-Einhorn side of the CMG trade.
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Comments (2)
  • CHM
    , contributor
    Comment (1) | Send Message
     
    Lets face it, Chipotle's food is better than the anti-Einhorn remarks about the comptition haveing the same product at lower prices. I have eaten at both and Chipotle wins it hands down. His remarks were only made to make a fast buck in the market. He did the same with Green Mountain Coffee and look at their rebound after the fall. I think the market becomes over bought at times and folks can loose their investment, but it is best to keep a clear perspective. I have been in McDonald's from the time they first went public and their biggest problem in the market is the remarks from brokers and investment firms. I have also been in mutual funds that have done nothing for their investors over the past 30 years.
    4 Jan 2013, 10:34 AM Reply Like
  • Canuck Economist
    , contributor
    Comments (109) | Send Message
     
    I like your comments CHM. I used this pause to get back in. I love the food and I love the stock. I made a huge mistake when I got out at $50!

     

    I am a burrito guy! What you get for $8 bucks is worth substantially more than anything I can get by going to its competitors - and no cheap ingredients! good value for money.

     

    I am back in. Thank you Mr. Einhorn! I will start following your calls from here on - who knows what other opportunities you will develop for me.
    6 Jan 2013, 05:22 PM Reply Like
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