Friday, October 19, 2012

…..Another Huge Win For David Einhorn



According to BusinessInsider Chipotle Mexican Grill just missed big time on its third-quarter earnings results. The fast, casual Mexican restaurant's earnings came in at $2.27, below analysts' estimates of $2.29 per share. Shares of Chipotle were last trading down more than 12% in after-hours.....
This is definitely a huge with for hedge fund hot-shot David Einhorn, the founder of Greenlight Capital. Earlier this month at the Value Investing Congress, Einhorn recommended shorting Chipotle. He said the biggest challenge Chipotle faces is competing with a resurgence in Taco Bell, which has a much lower price point…………………………………………………………………………………………………………………………………………. 

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