1 Reason This Stock Crashed Hard Recently
David Einhorn sent shars of Chipotle sharply lower following his presentation at the Value Investors Conference, where he suggested shorting shares of the premium-priced buritto company. Given his past track record of successful shorts, he's not the guy you want to bet against.
He was also careful to note that Chipotle isn't a poorly managed company, simply that he sees increasing pressure from Yum! Brands and thinks Chipotle's premium valuation doesn't justify the risk.
See more in the following video.
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