Fast Money Traders Share Their Opinions On El Pollo LoCo
CNBC Fast Money's Mike Murphy said on the show that he doesn't want to buy El Pollo LoCo Holdings (NASDAQ: LOCO) because he believes that this stock is definitely not the next Chipotle Mexican Grill (NYSE: CMG).
Jon Najarian said that the stock might make another attempt at $40. He thinks that the growth is ahead of this company, but he wants to wait for the stock to settle.
Josh Brown doesn't have a position in El Pollo LoCo and he believes that it would not be a good idea to own the stock ahead of earnings. He would like to see the company disappointing on earnings and then he would consider buying. It is not clear how much will the expansion cost the company, Josh Brown added. He thinks that high short interest is not a guarantee for a move higher.
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