Why I Won’t Buy Chipotle Mexican Grill -- Even At These Prices
I have little doubt that ten years from now Chipotle (NYSE: CMG) will still be around, serving up burritos to the masses. And with the stock now trading at its lowest level in nearly 50 months, you'd think now might be a good time to buy.
But I won't be snatching up shares anytime soon, and I think you should think twice about doing so as well. While the stock could be a winner, in the long run, that's far from a guarantee. What I know for sure right now is this: the company is fragile -- in many ways -- and that should give you pause.
Image source: Getty Images
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
