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When you think of Chipotle Mexican Grill (CMG), you likely conjure up images of tasty burritos, tacos, burrito bowls and their signature salsa. What probably doesn’t come to mind is a business that in the past decade has outpaced the S&P 500 and many other popular stocks and indexes in its returns.
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Chipotle generates revenue from more than 3,300 domestic restaurants.
Employees at Kernel, one of Manhattan's hottest new takeout spots, have it pretty good — they're pulling down $25 an hour to start, plus they get sick leave, paid vacations and soon, stock options.
The question now is whether Chipotle, which opened a record number of restaurants last year, can maintain its goal of doubling its restaurant count in a few years.Wall Street thinks so.
Bill Ackman shared his investment strategy during an interview with Lex Fridman, focusing on identifying long-term, non-disruptive businesses, using examples like Universal Music and McDonald's, and detailing his research process involving SEC filings, conference call transcripts, and industry analysis.