Chipotle Has the Sizzle

I'm not one to check stock prices on a daily basis. I typically do just to keep a pulse on things but the past few days I was traveling and did not keep a direct pulse. I was shocked to see that shares in Chipotle Mexican Grill (CMG) were trading above $500 apiece.

Readers of my column know that I am a big fan of Chipotle. My analysis for Chipotle years back was painfully simple: I read a few annual reports and then visited a bunch of locations. Seeing long lines everywhere was all you needed to establish that this company was for real and generating tons of sales. As a value investor, I also commented on the need to realize that buying a high-quality business like CMG at 20x to 25x earnings could be more of a value proposition than paying 10x earnings for an inferior business....413 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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