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TheStreet: Ackman’s Chipotle Timing Was Great says Jim Cramer

May 28, 2023
in Trade Tube
Reading Time: 1 min read
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Billionaire investor Bill Ackman showed perfect timing when he pulled the trigger on his Chipotle purchase, said TheStreet’s Jim Cramer. Ackman’s Pershing Square hedge fund bought a 9.9% stake in Chipotle Mexican Grill, worth $1.2 billion dollars. The investment makes Pershing Square the second largest shareholder of the fast food chain. Ackman is reportedly talking to management about changes he believes are needed at the company. Chipotle sales have suffered

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