At one time, I had well over 2- million $$$ in MCD. It was bought on the IPO when I was a broker with Goodbody & Co back in the 60's. I also have a VERY long term position in AMGN that was bought in 1987. That's just a small part of what I own, but I've been leaving individual stocks in favor of VTI and VTSAX.
What makes you think that everyone who makes a negative comment is short? That's simply not the case. I doubt that more than 1% of those who point out problems with the company are short. Being critical of incompetent management that has made more than their fair share of bad decisions of late doesn't mean it comes from a short position. I was long 5000 shares until yesterday morning, but I don't hesitate to criticize what needs to be criticized. I'm out of the stock, for now, but it still pains me to see a once-great growth story stumbling badly. Dividends may be nice, but growth with dividends is a whole lot better.
I'm looking for a lot lower than 96's. I think 93-92 is more like it... IF it can hold there. If not, then it could visit the 88-87 area. Whatever they come up with to try to turn this ship around, it'll take some time to do any good. Bad weather was a good excuse during the winter for poor comps. What excuse will they use in July? Bad weather in Antarctica? Just remember what I always say... CRAMER IS THE KISS OF DEATH!
I disagree. MCD will definitely increase the dividend, but I don't expect a big increase. The company has increased the dividend EVERY year since 1975 when they paid the first ever dividend. That said, they could do what some other companies have done to remain on the Dividend Aristocrat list; raise by a cent or two. But, a token increase is still an increase.
I'm not convinced that MCD is still the growth story that it once was. The company is so enormous that it has become unwieldy. I don't think the present management has the vision to come up with a game-changer that will enable the company to re-fuel the rockets. If they had held onto CMG, that might have been the catalyst to propel it to new heights quickly. Trying to change the old-fashioned corporate mind-set in a company like MCD is like trying to turn a battleship. They need to bring in some fresh, outside blood to re-think the long-term strategy and get out of the rut they're presently in. Wings is not the answer. Maybe the company should be looking at acquiring some small companies in the food industry and using them as sort of test laboratories to try out new ideas. CMG was a great idea, but they got rid of it just as it was about to soar. MCD is not going out of business, but it has sure lost its mojo.
That's exactly what GWB did when the Russians invaded and occupied Georgia. That sent a clear signal to Putin that this sort of thing is acceptable. Putin is just using the license that Bush gave him about 10 years ago.
I suspect it was a case of suicide. Either the capt or the F/O locked the other out of the cockpit and flew the plane into the ocean. There's no other explanation for the transponder being turned off. However, try to have a little compassion for the families and friends of the dead. They want and deserve some sort of closure. They have a right to know what happened. The insurance company deserves to know why they're going to have to pay out many millions of dollars.
Cramer is the KISS OF DEATH! He was pooh poohing MCD when it was 93 only to jump on the bandwagon at 98. He'll be saying to sell when it gets back down to 93. Moron!
I'm looking for MCD to give back at least half of what it gained yesterday by the end of this week - if not sooner. Think about it: It gained more than the equivalent of a full year of dividends in a single session. The premise for the gain was a dubious effort to manipulate the price higher by using smoke and mirrors. Increasing the debt load for the purpose of giving the money to the shareholders is not, in my opinion, the way to make the company more valuable in the long term. This is an act of desperation by management that has run out of options. They talk about improving customer service. Customer service can't get much worse than what it is. They're steadily losing the battle to come up with innovative new products that will resonate with customers. I bet they wish they had never sold CMG. If not, they should.
You have to buy it for the pullback to happen. That's the way it works. You won't recognize the pullback until after it has already happened. Regardless of whether PCL pulls back from here, this stock is dead money. I sold out at $50, and I still think it's too high to start buying.
I find it hard to believe anyone would pour nearly a quarter of a million $$$ into something as speculative as PLUG all in one shot. I really hope you're making this up. Seriously. I hate to see anyone lose that kind of money (unless I'm on the other side of the trade.)
You're not missing anything. It is, as you say, an act of desperation. Thompson knows shareholders are screaming for his head. MCD has been one of the worse performers in the DJIA, and I'm sure the BOD isn't too happy.
This scheme strikes me as an act of desperation to get the stock price moving. Piling on debt to pay the money back to shareholders makes absolutely no sense, IMO. Apple did the same thing, but they had such a huge hoard of untaxed cash sitting offshore it made sense, sort of. MCD is expanding faster outside the U.S., so the unrepatriated cash reduces the need for more borrowing. My guess is that MCD will sell off when the whole picture gets clearer and folks realize what's going on. This is just an attempt at smoke and mirrors to fool investors into thinking they're getting something for nothing. Hmmm... this reminds me of an "economic stimulus" situation.
Give Thompson credit where credit is due. He's an excellent operations guy. He knows the nuts and bolts of the company inside out. However, he's not the visionary that MCD desperately needs to continue to grow in an increasingly competitive environment. On a short term basis, he's not responsible for the bad weather. But he is responsible for some of the bad moves the company has made recently. The only thing that can save his butt would be a big surge in the stock price. Is the move today sustainable? I sort of doubt it. I don't see anything fundamental to account for it, but it couldn't have come at a better time for Thompson.
After hitting a new all-time high of $127.37, AMGN is now about 124.50. I don't see anything to account for the sudden collapse on an otherwise up day for the market. AMGN has a habit of doing this, and it can be very disconcerting. With an earnings growth rate that is about half the P/E, I expect AMGN to under-perform the overall market. Using my rule that the growth rate should equal the P/E ratio, AMGN should be selling for about $70.
Thanks. Both of these have management fees that are more than double that of POAGX, and they're both strictly biotech funds. I need more diversification than these one-trick-ponys offer. POAGX charges a 0.69% management fee which is substantially below the sector average. I steer clear of any fund that charges more than 0.70%, so POAGX is at the top end of my acceptable range. Also, I tend to be a very long term investor, so I don't switch in and out of sectors as they got hot and cold. Right now, biotech is THE place to be, but that won't always be the case. POAGX has extremely small turnover, so they don't incur a big tax burden on the shareholders. I've been in AMGN since 1987; just to give you an idea of my investing time frame. AMGN is one of just a handful of individual stocks I still own. I've been switching almost entirely to mutual funds for the sake of simplicity when I die.
This was never reported in the paper. I was told by a store employee that the prepared-foods section was found to be "filthy" and unsanitary and that a big crew of cleaners was brought in to do a top-to-bottom over night cleaning job. The Health Dept came in to inspect before the store was allowed to reopen the following day. The store employees are under strict orders not to say anything to anyone about the whole thing.