Wednesday, July 26, 2006

McDonald's leaving Chipolte

Following a highly successful IPO (which I forgot about and missed the boat, despite knowing it was a guaranteed money maker...), Chipolte is going to be freeing itself from the reins of Maccie D's.

Looks like McDonalds wants to take advantage of the high price, and some complicated share swap sort of thing to get appreciation tax free (don't ask me, just read the article), and concentrate on it's burgers. Personally, I like Big Macs and my steak burrito with black beans, corn salsa, cheese and sour cream, but if I had to live on one for the rest of my life, Chipolte would win hands down (maybe as I spent the first hald of my life living on burgers??).

McDonald's sets plan for Chipotle stake | Business News | Reuters.com