Chipotle's Sell-Off: 3 Reasons Investors Shouldn't Panic
Chipotle Mexican Grill (NYSE: CMG) has been in the headlines of late for the wrong reasons. The biggest attention-grabber was the departure of the company's well-respected CEO. But a quick 20% price decline is another worrying bit of information that's hard to ignore. If you are a long-term growth investor, however, here are three reasons to remain positive about Chipotle stock.
Growth stocks have a habit of lurching higher, pulling back to consolidate those gains, and then lurching higher again. It can be hard to stick around through the ups and downs, but for companies that have a long runway for growth ahead, it is often the best course of action. With that background, Chipotle's current price retreat isn't really odd for the company.
Source Fool.com