Thanks for pointing out that article. One part of that article that I liked was the author’s discussion of mcd’s growth during trouble times: “Note how well McDonald’s did in the great recession of 2008-09. Sure growth slowed, but it didn’t go negative, and McDonald’s was a stock market darling in the period”. So even if things don’t pan out in Europe and the market goes down, people are still gonna eat at mcd’s and the price shouldn’t depreciate big time aka chipotle from my entry point.
Yeah, im a little worried about the entry point, but looking at mcd’s chart for the last 10 years gives me a little more confidence in just jumping in the stock as its just a steady up slant. So over enough time it should continue the trend even if it pulls back in the short-term. But the more I think about it, the entry point won’t matter because I’m going to become an investor not a trader, and if MCD can just hover around $80 I’ll be contempt and the div over time would make up the difference. Another thing I liked, getting back to the author was in early 2009 during with height of the crisis it only fell from $63 to $53 and I really like this when thinking about jumping in.
I start a position if I write so much about a stock and if its outlook looks ok. Thanks for the help.