I never eat at Chipotle, but I have been following them for a long time. The thesis of this blog post is that Chipotle is doing a bang up job in evolving into a COVID19 casual food world.
But, they have had a lifetime of experience with food-borne illnesses and outbreaks.
Americans are a forgiving people. In the case of Chipotle (CMG stock symbol), they forgive them for years of food-borne-illnesses such as an E Coli outbreak or two or three or four.
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How do I know this? Because their stock price — after weathering a huge hit based on food-borne-illness scandals — hit an all time high yesterday.
In the midst of their troubles, the stock hit a low price of $255.46/share in February of 2018. Pre-market price indicators today, you ask? $762. You do the math. Wow!
Did you buy on the bad news, dear reader? NO, you did not because you, like everyone else, just said, “Gross!”
Big Red Car here on what is going to be a lovely, sunny 75F day with a splash of fog. Fog? Yes, fog!
So, the Big Red Car likes Chipotle but, apparently, Chipotle doesn’t like the Big Red Car as it is trying to poison it.
This is hyperbole and fancy, of course, since Chipotle does not actually provide food to 1966 Chevy Impala convertibles. Big Red Cars prefer 10W40. Continue reading
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