I'm embarrassed for Einhorn, as he's got this one completely wrong. To mention Chipotle and Taco Bell in the same sentence is a sin! Chipotle is the real food of the next generation and Taco Bell is glorified slop with spice! Time will tell but you better stay long.
Sentiment: Strong Buy
Einhorn is a smart guy, but he's been wrong before. He is very wrong about CMG. Taco Bell is in NO WAY competition!! Either he's lost his edge, hired some kooky analyst-- don't know, but it's clear he hasn't set foot inside a CMG.
I think Einnhorn is wrong here with Taco Bell as a competition.. Taco Bell has a brand name for fast food that was built up over last 20+ years.. Chipotle is upscale compared to Taco Bell. I don't know if Taco Bell is looking to revamp all their seating and facility inside out, but lets be honest, its not going to go well telling your wife or girlfriend, to meet you at a Taco Bell for lunch or dinner vs Chipotle. Earnings is coming up, so I'd be careful.. Haven't met too many CEO's who were doing 15+% earning year over year and missing 2 quarters in a row.
Meet at Chipotle for girl's night out or date? You must be kidding, they go to Penera Bread or Starbucks, it is a lunch place for people have a quick bite. Wake up please!
sorry, but cmg is not upscale dining. it's a GLORIFIED mcd spinoff. it's a FAD just like OBAMA. only OBAMA has the mainstream media behind him. CMG just lost cramer last week and now Einhorn is putting the nail on the coffin.
you think sit down dining in a cmg is upscale? for heaven's sake, it's no better than your typical fast food joint. mcdonalds has more ambiance.
when is the last time you heard a guy offer to take his girl to cmg for dinner? lol