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CMG Update

posted Jul 7, 2013, 6:24 PM by Mohit Kumar
CMG has been on a rise lately, with support from some analyst upgrades. Our pick has oscillated between a loss of 20%, to now a profit of 35%, serving as yet another example of how patient investing in top stocks can be fruitful.

The forecast that Chipotle will be able to grow same-store sales by 2.5% has been a driving force for the stock. At the same time, the company was only able to muster 1% same-store sales growth in the first-quarter while margins fell because of higher food input costs and its unwillingness to raise its menu prices for fear of driving customers to its peers.

While we are watchful, we continue to hold our position and believe that its new offerings like Sofritas, Catering, and ShopHouse Southeast Asian Kitchen could continue to drive more growth!

All ready for Reverse Bets?  (Refer: Guide to Short Selling)

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