""First, there's been no link found so far between Chipotle and the bacteria outbreak so the restaurants that were closed in the aftermath are set to reopen soon. Because the chain generates a high level of trust from its customer base due to its commitment to Food with Integrity, the lasting impact of this episode won't be long, certainly nothing compared to what happened to.""
3 Stocks to Buy Ahead of Black Friday
Black Friday creates a massive opportunity for these three consumer goods stocks.
The day after Thanksgiving, known as Black Friday, is one of the most anticipated shopping days of the year in the United States. This year, the stakes are high for brick-and-mortar retailers amid increased competition both in physical retail stores and online. To help you sort the potential winners from the losers, three Motley Fool contributors explain why Chipotle Mexican Grill (NYSE:CMG), Target Corp. (NYSE:TGT), and Best Buy (NYSE:BBY) are worthy investments ahead of Black Friday and the holiday shopping season.
Rich Duprey (Chipotle Mexican Grill): Battling the crowds to get that last My Friend Freddy plush toy causes shoppers to work up a mighty appetite. According to the MasterCard Advisors SpendingPulse report, along with estimates of cash and other forms of payment, dining establishments enjoyed some of the strongest sales growth year over year in 2014, registering double-digit percentage gains between Black Friday and Christmas Eve.
Investors may want to take a close look at Chipotle Mexican Grill before the holiday shopping extravaganza begins in earnest.
Although its latest earnings report underwhelmed investors and it got whacked by an E.coli bacteria outbreak in the Pacific northwest, the Mexican food chain has lost nearly 20% of its value over the past few weeks and its current level may make a good stocking stuffer for your portfolio
3:30 pm ET November 20, 2015 (BusinessWire) Print
Chipotle Mexican Grill (NYSE: CMG) continues to work closely with state and federal health officials, as the investigation continues into an E. coli incident initially linked to 11 Chipotle restaurants in Washington and Oregon.
The Centers for Disease Control and Prevention (CDC) reduced the number of cases connected to Chipotle from 50 to 37 cases on November 18 (with 24 in Washington and 13 in Oregon). This reduction of nearly 25% was based upon more sensitive testing which revealed the cases were not related to Chipotle. The CDC has informed Chipotle that it identified six additional cases in which initial testing matches the E. coli strain involved in the Washington and Oregon incident. Although one of the individuals has no known link to Chipotle, five individuals did report eating at Chipotle, including two in Turlock, Calif., one in Akron, Ohio, one in Amherst, NY, and one in Burnsville, Minn.
Investigators have suggested that in incidents like this, it is not unusual to see additional cases after the initial incident as the investigation moves forward. The source of the problem appears to have been contained during a period in late October. Forty-two of the 43 cases linked to Chipotle, reported visiting one of the restaurants in question between October 13 and October 30. One person reported having eaten November 6.
In response to this incident, Chipotle has taken aggressive steps to make sure its restaurants are as safe as possible. There have been no reported new cases in Washington or Oregon since Chipotle put its remediation plan into effect.
Specifically, the company conducted deep cleaning at the restaurants that have been linked to this incident, replacing ingredients in those restaurants, changing food preparation procedures, providing all necessary supply chain data to investigators, and surveying employees to be sure none have had any symptoms of illnes