Chipotle's Rocks!

It is well below it’s all-time high and priced for perfection, but Chipotle’s is one of those companies that I will break my rules to own. I own it and my fund owns it. I have written about it often and had very good success with the stock.

Restaurant stocks are hard to own. The stocks are volatile. You have monhly sales numbers, saturation issues, year over year sales, zit faced kids, food costs, leases etc…

I have lost my ass in retaurant ventures, but Chipotle’s is not a venture. It is a purebread and will likely trade at a premim for some time. Even their website is kick ass.

The catalyst is it’s potential. It is tiny in terms of restaurant size (530 stores). Mr. Burrito himself says there are none in DC-Virgina. I trust a guy who blogs about Burrito’s :) .

I don’t have much to add to all my posts on the subject. I love the food, love the margins,love the execution and love the potential.

Disclosure – Long Chipotle’s