Chipotle Lures Investors to U.S. Spinoffs: Chart of the Day
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The success of Chipotle Mexican Grill Inc., whose shares have surged 12-fold since it separated from parent McDonald’s Corp. in 2006, has investors chasing after U.S. spinoffs in search for the next hidden gem.
The CHART OF THE DAY shows the newly developed Bloomberg U.S. Spin-Off Index, which includes companies like Time Warner Cable Inc. and cigarette maker Lorillard Inc., has jumped 163 percent from Dec. 31, 2002, through yesterday. The Standard & Poor’s 500 Index has increased 45 percent over the same time.