I just came across an old post about my favorite Mexican fast food joint, Chipotle. I posted about this stock back in May 2007 when it was trading at $82 or so. I love the food just as much now as I did back then. I’ve had my share of burrito bowls over the years!
CMG did run into a few ‘food safety’ problems over the years. They were hit with a doubly whammy of making people sick, not once but twice. That took the wind out of the share price and she bottomed out somewhere around $260 at the beginning of 2018.
Fast forward to June 2019 and she’s trading at $700!!! WOW, just wow.
I’m not bummed that this one got away, I’m glad that a Mexican fast food business, with better ingredients, can actually grow into a multi-billion dollar company.