Chipotle’s Comeback

Published on
February 19th, 2019
Duration
11 minutes

Chipotle’s Comeback

Trade Ideas ·
Featuring Howard Penney

Published on: February 19th, 2019 • Duration: 11 minutes

Howard Penney, managing director at Hedgeye, was one of the biggest bears on Chipotle before turning bullish on the restaurant chain in 2017. In this interview with Justine Underhill, he walks through the company’s fundamentals, notes risks to consider, and discusses the upside potential for the stock. Filmed on February 14, 2019.

Comments

  • KC
    Kenneth C.
    20 February 2019 @ 20:09
    Is the Flu running thru RV? Jake interviewing, Justine looks like she might be fighting like a champ thru it.
  • YB
    Yuriy B.
    19 February 2019 @ 12:29
    I gave this a thumbs-up (as apparently everyone else did). However, I want to offer some constructive feedback to Justine. Although your interviews are usually excellent, I think you were too superficial with your questioning here. Each of Howard's responses was an assertion with little reasoning provided. If you're going to introduce an investment idea with a 2-3 year time horizon, viewers need to understand the logic behind what Howard is saying so we can watch the company vigilantly and monitor for reasons to exit early or perhaps to stay longer than that 2-3 years. E.g., WHAT EXACTLY did they change about their advertising that has improved sales? HOW EXACTLY did they decrease the odds of another bacterial outbreak? WHAT EXACTLY was the old CEO doing that was so harmful to the company? This could have been infinitely better as a 30-60 minute deep dive.