Remember when Outrage Twitter was running wild with conspiracy theories about Chipotle poisoning its customers and the business was doomed? That was fun. You know who had more fun? Long term investors who turned off the “news” and stayed the course.
Earnings are coming up that may serve as a catalyst to launch the next leg higher in shares of $CMG.
There is potential for a 10-to-1 payout if we nail it and $CMG has a monster gap along the way to get us to and through our price target. But our aims are a bit more modest. We’re simply looking to capture some of the barbacoa in the middle. [Read more…]