Cramer Remix: Why Chipotle's downgrade is misguided

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Jim Cramer explains why worries at the restaurant chain may be off-base.

because of the African swine fever that has caused pork prices to rise.

But the stock market is going through a "sloppy" spell, and conclusions are being put forward practically out of desperation, Cramer said. Chipotle CFO Jack Hartung says the company's exposure is less than 2%, Cramer said. The company buys more expensive pork than commodity pork and does not expect any meaningful impact, he added.

 

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