Chipotle busted for hiring illegal immigrants

This little bit of news could negatively affect Chipotle Mexican Grill (CMG). Earlier I wrote about taking bearish view on Chipotle over the next year. Reports say that they have had to layoff almost half their workforce in Minnesota. If rising food prices don't shrink their margins, higher labor costs might. Not sure how much this will really affect the stock price, especially with earnings coming out this week.