Attack on Chipotle Is a Buying Opportunity

By Doug Ehrman – Apr 12, 2013 at 7:47PM

NYSE: CMG

Chipotle Mexican Grill

Market Cap

$87B

Today's Change

(0.43%) $13.39

Current Price

$3,155.38

Price as of May 3, 2024, 4:00 p.m. ET

Chipotle dipped on some negative comments, but this is a chance to buy the stock for the long term.

At a luncheon at which he gave the keynote address, bond guru Jeff Gundlach lit into Chipotle (CMG 0.43%), saying the stock should be on investors' shortlist. The negative comment piles on those made by David Einhorn last fall and drove the stock lower. Despite Gundlach's stature in the investment community, the case against Chipotle is not black and white

In the video below, Fool.com contributor Doug Ehrman discusses his take on Gundlach and the impact it should have on Chipotle moving forward from current levels.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Chipotle Mexican Grill and McDonald's. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.