, Columnists
Ackman and Chipotle Are a Recipe for Indigestion
The chain's problems go deep, and the activist hasn't shown he can handle them.
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When it comes to Chipotle, Bill Ackman's eyes may be bigger than his stomach.
The activist investor disclosed a 9.9 percent stake in the burrito maker late Tuesday, along with plans to seek talks with Chipotle's board and management over what he called an "undervalued" stock and an "attractive investment." Shares jumped 6 percent in after-hours trading.