02-10-2016, 10:40 AM
(02-10-2016, 10:33 AM)DividendGarden Wrote:(02-09-2016, 07:48 PM)KenBob Wrote: About a year ago, I took my watchlist and developed a subset with a forward PE ratio below the list's average. Comparing the subset's average yield to the overall list's average yield, the subset had a noticeably higher yield.
That makes sense, lower earnings multiple implies a lower yield. I don't know how much I trust forward P/E, though.
Me personally would not buy MCD here. You missed you chance last year when everyone hated it under $90. Now it seems everyone loves it on wallstreet and it cant do no wrong. 24 hr breakfast was a good idea but how much longer can exist?