I Was Dead Wrong About Chipotle Stock ... and That's OK
In October 2016, former Fool John Maxfield and I squared off on Chipotle (NYSE: CMG) stock. He believed it had better days ahead of it. I did not.
For the first two years, I felt good about my thesis: Chipotle largely underperformed. But since New Year's 2019, the stock has more than doubled -- far outpacing the market.
The company reported fourth quarter earnings this week. Chipotle's comparable store sales were up 13.4% -- a breath-taking amount in the current restaurant environment. That's enough for me to throw in the towel. John, you win.
Source Fool.com
