CNBC's Jim Cramer said he sees success ahead for Mexican fast-food chain Chipotle, even though its stock dropped nearly 10% on Thursday.
CNBC's Jim Cramer said he sees success ahead for Mexican fast-food chain Chipotle, even though its stock got clobbered and dropped nearly 10% on Thursday.some of the most important factors for success are traffic and throughput. For the past couple of years, Cramer said, restaurants have been trying to raise their prices without driving customers away, but he said Chipotle doesn't seem to have that problem."Chipotle's different, though," he said.
"We all want foresight, not hindsight," Cramer said. "Yet nobody ever wants to hear that they'll look back on this moment and kick themselves for missing out on a terrific buying opportunity."
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