Updated from 7:09 a.m. EDT
By Chris Fernandez of PeakStocks.com
Restaurant stocks have been getting hammered lately, and for good reason.
Whether their results have flat-lined or deteriorated, Wall Street has not taken any prisoners, for better or worse.
One of the last shoes to drop finally happened on Friday, Sept. 12, when
Chipotle Mexican Grill
had one of those nice little "business updates" that we've all come to love so much around here, whereby the company lowered third-quarter guidance and all but admitted that it is starting to really struggle as a result of outside forces.
The good news this time around was that with deteriorating macroeconomic conditions and company-specific issues, I knew we would be getting a better entry point somewhere down the line on shares of Chipotle's stock.
So is Chipotle, a well-run, dynamic restaurant company that operationally is best-in-class, a good candidate for a rebound from here?
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