From the price action this morning it sure looks like somebody might have decided to take a shot at them. Can probably buy the company for less than $30. at a time like this with the economy in the tank. Actually the earnings result was not disappointing, in my view. You have to realize that timing of refranchising income shifted the sale of 21 units into the 3rd quarter. This the company admitted it had not expected. But so what? Income is income whether it is recorded one week or the next. I am quite surprised the analysts are not picking up on this. Keep the faith, gang. You still have the cheapest stock in the QSR group, with solid refranchising income flow going forward over the next three years. Plus you have Qdoba growing nicely now, and the California market "stabilizing." And, the guidance held! Incidentally, the balance sheet is strong enough, combined with cash flow, to entice just about any private equity group. Big J in L.A.
Been reading your posts. Make some good arguments but I was a MCD shareholder until recently when I sold. Think it has reached its peak. Anyway, I think MCD is taking share from the other players. MCD is the trendsetter now with the coffee drinks, coolees,etc. Plus the MCD value menu is making everyone else change their menu to add value items. That can only mean subdued profits for the whole industry. I think rather have the MCD and the dividend vs. this stock even at the low 20's. Have you been in a newly remodeled MCD recently. They look like the old Starbucks. Real nice. Whereas I go into Jack and the places really need a makeover.