Alaska

What Is McDonald's Thinking?

You didn't almost fall out of your chair. You did, hit your head, you can't remember it but it seriously impacted the rational part of your brain. In the last three years they have returned 25% of their EV to their shareholders via dividends and buybacks. What are they thinking indeed!? Enriching their shareholders! Dastardly them! A tangible book value of around $1? They own all the real estate under their franchises, carried at cost, not market value. Prime business RE worth much more than book value states. A stable recurring business, little debt, a great world brand, useing cash flow to give back to shareholders plus expanding quickly in China, South America, and other high growth areas...this is a great growth and value company.