Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Must be good to be David. You can load up your firm with puts and short common, whisper something about a company, and make mad profits a few days later as every lemming on earth flees in panic when he talks. Chipotle Mexican Grill just got “Einhorned”.
One position that David Einhorn is talking down is Chipotle Mexican Grill, Inc. (NYSE: CMG) as he called it a short sell with rising employee healthcare and rising food prices as two key headwinds. Shares of Chipotle are now down 5% at $299.99 so far today. Taco Bell competition was also noted along with a high valuation, but that has always been the case.
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