Even the greatest company can be "a bad investment, [as] widespread recognition of greatness...

|By:, SA News Editor

Even the greatest company can be "a bad investment, [as] widespread recognition of greatness generally leads to pricey valuations," Frank Voisin writes, pointing to Chipotle (CMG +0.8%), which trades at 52x trailing P/E with the highest earnings in its history. For all his admiration of the company, Voisin says the stock is "exceptionally" overvalued.