Tuesday, February 5, 2008

Chipotle showing off again.

Market opened under extreme pressure this morning, but Chipotle is really showing a lot of strength. Speaking of which, I noticed yesterday a comment by an analyst who was picking Chipotle as one of the new leaders for the next bull market, dubbing it the "Next McDonalds." I also happened to do a store check yesterday afternoon, and picked the after school slot. The place was jammed with traffic from the Catholic girls' high school down the street. The avg ticket looked to be about $7.50. For an after school snack. No slowdown there.

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