1. Why We Wouldn't Invest In Chipotle Just Because Of Ackman's Confidentiality Agreement

    Why We Wouldn't Invest In Chipotle Just Because Of Ackman's Confidentiality Agreement

    Activist investor Ackman signs confidentiality agreement with CMG just days after it is reported that company has hired a law firm to fend him off. We think Ackman wants to swap out some Board Members and that he may not have any additional groundbreaking plans aside from a simple turnaround of the business. Ackman knows quick serve restaurants well, but valuation would still keep us away from CMG here ...

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