Greenlight Capital revealed that it had bet against Chipotle Mexican Grill's stock. Many other investors though are hedging against the fast food chain.
Amongst them is Jeffrey Gundlach of DoubleLine Capital. He said, "I like the products. A gourmet burrito is an oxymoron. All you need to compete with its core business is a taco truck." He made the remarks against the restaurant chain at the end of a presentation that criticized the current monetary policy of the Federal Reserve.
This is not the first time Gundlach has called out Chipotle. He made his first comments early last month.
Despite the critics, Chipotle's share values have jumped 16% since Einhorn, Greenlight Capital's CEO and co-founder, made known his thoughts on the restaurant's stock and caused the slight decline of the shares to which it has since rebounded.
From his previous statements on Chipotle, Einhorn said that his idea had become less than original.
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