Gundlach Recommends Shorting Chipotle on Earnings Growth
This article is for subscribers only.
Jeffrey Gundlach, manager of the top-ranked DoubleLine Total Return Bond Fund, reiterated his case for shorting Chipotle Mexican Grill Inc.
“I am not impressed with earnings growth,” Gundlach, chief executive officer of Los Angeles-based DoubleLine Capital LP, said today at the 2013 Sohn Investment Conference in New York. “I like CMG products, but gourmet burrito is an oxymoron,” he said, referring to Chipotle by its ticker symbol.