Here are 5 reasons why you want to buy McDonald’s (NYSE:MCD) off the back of yesterday’s irrational sell-off:
- The flat same store sales for December will not be repeated as MCD guided (see conference call transcript) to a 1.5% comp for January.
- Fiscal and monetary stimulus will benefit MCD.
- The stock has corrected 20% from where I already alerted long term investors to take some of the stock off the table.
- Growth in China.
- Expansion of McCafe concept in Germany, which I believe will eventually be MCD direct competition to Starbucks (NASDAQ:SBUX) in the US.
I added stock on Monday's pullback.Disclosure: At the time of this Blog entry Scott Rothbort, his family and or clients of LakeView Asset Management, LLC were long shares of MCD --- although positions can change at any time.