Since the most recent scare of salmonella, I'm looking at Chipotle Mexican Grill(CMG) to see if there's any major growth left.
As a Canadian investor, there seems to be a lot of popularity in my region, but I do question if the moat is durable enough to last long term as almost anyone can start a chain of burritos shops (I'm already starting to see this in my area).
My question is:
Do you think that there is enough room for international growth of new locations to drive top and bottom line growth?
Also, do you think that same store sales will improve once the economy improves or is this a signal of something else (limited competitive advantages, boring product etc.).