<<(Although he sold some MCD, he stated at the annual meeting he still has quite a bit of it, not enough to meet the $750MM reporting criteria for the annual report) >>
Really!!?? I didn't know we still owned any MCD. Thanks for the info.
Are McDonald's and DQ considered competitors? I'm not too sure I'd agree with that. I mean they *do* both sell hamburgers and ice cream, but somehow I perceive that their major markets don't really overlap. I can honestly say I've never asked my wife "Do you want to go to McDonald's or DQ instead?".
I have asked her do you want to go to "McDonald's and then DQ for dessert?".
Actually, I usually ask my wife, "Do you want to go to Taco Bell or get off your lazy vegetarian butt and cook us something instead?" (Just kidding!!!)
Anyway, here's some anecdotal evidence.... but the McDonald's's around here have gotten really crappy lately. Ever since the "Order Face to Face" thing was implemented I have gotten really bad drive through service. As in 3 of the last 3 times I've been to McDonald's they've screwed up my order.... and my wife had to go around the other day because they screwed up her order too. This is at a couple of different Mickey D's too.
I know most of you probably NEVER eat at McDonald's... being multibillionaires and all... so I'm just letting you in on the "word on the street". ;)