Sunday, March 4, 2007

New Investment Idea: Chipotle (CMG)

After last week's massacre I'm not sure why I'm even thinking about further investments. Last week I list about 10K...mostly in the foreign markets.

Anyways, I was reading a Business Week article about Chipotle CMG and it got me thinking...this is like Krispy Kreme in its early stages. Now, I got severely burnt on KKD having bought it at $49 and sold it at $5. However, that was right before the whole Krispy Kreme scandal came out.

Chipotle has just begun to rise (well, it did triple already) and I'm thinking it might be a great 1-2 year investment. If you've ever eaten there you'll know what I mean.

I'll start doing more research and see it 1) I have the extra cash and 2) it is the good investment I'm leaning towards.