Should You Buy This Stock-Split Candidate Right Now?
Several companies, including Amazon, have recently made news by announcing a stock split. Businesses typically execute the move with a nominally high stock price. Amazon's stock was roughly $3,000 when it announced its stock split.
In that regard, Chipotle (NYSE: CMG) looks like a stock-split candidate. With its share price of $1,418 as of this writing, it can be out of reach for some retail investors (unless they utilize fractional share buying).
However, just because a company could announce a stock split is not reason enough to buy. Let's look closer at Chipotle's prospects and its valuation to determine if long-term investors should buy the stock.
Source Fool.com
