Thursday, May 9, 2013

Hedge funds bet against Chipotle

Hedge fund managers might like Chipotle's burritos, but some are betting against the company's stock.
Last October, Greenlight Capital's David Einhorn revealed a bet against Chipotle Mexican Grill  (CMG). On Wednesday, bond fund manager Jeffrey Gundlach of investment firm DoubeLine Capital joined him in talking down the fast food chain.

Bets against Chipotle haven't paid off just yet. The stock is up 16% since Einhorn revealed his position last year, even though shares dropped precipitously right after Einhorn revealed his reasons for betting against the chain…..


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