The Biggest Mistake McDonald's Ever Made: StockTwits

NEW YORK (TheStreet) -- In 2006, Chipotle Mexican Grill (CMG) had a market of $1 billion.

It was a relatively new food chain in its early stages of growth and investment. It had a bold idea to bring fresh burritos to the masses.

During that time, McDonald's (MCD) had a 90% stake in the company. But throughout the year the company divested its shares and completely exited any holdings it had.

Today, Chipotle has a market cap of $20 billion, and it's slowly becoming the fastest growing and most successful food chain in North America. Selling its stake in 2006, was perhaps, one of the biggest mistakes the McDonald's corporation ever made:

If you enjoyed this post you can follow the author on Twitter and StockTwits

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

More from Opinion

Trump Blinks on China Trade War That's Looking Harder to Win

Trump Blinks on China Trade War That's Looking Harder to Win

Monday Madness: GE, China, and Micron

Monday Madness: GE, China, and Micron

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

How Technology Will Unleash the Legal Marijuana Industry's Growth Potential

How Technology Will Unleash the Legal Marijuana Industry's Growth Potential

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense