Chipotle: New Dips, New Geographies, New Combos, New Valuation?
Company Performance - Chipotle's shares have decreased by 30% year-to-date and 36% from their all-time high [1] - The company has reported two consecutive quarters of negative same-store sales in the first half of 2025 [1] Investment Strategy - The focus is on investing in companies with strong qualitative attributes, purchasing them at attractive prices based on fundamentals, and holding them long-term [2] - The investment approach involves managing a concentrated portfolio aimed at avoiding underperformers while maximizing exposure to high-potential winners [2]