Chipotle is a high-quality company trading at a discount.Chipotle Mexican Grill (CMG 3.33%) recently released its earnings report for the second quarter of 2024, the first after its historic 50-for-1 stock split. While the news was positive, it failed to stem the downtrend that began just before the split took effect. Consequently, the stock price has fallen by more than 25% in just over a month.However, despite the severity of this pullback, it is doubtful any disappointments have undermined the case for i ...