(04-08-2020, 10:25 AM)fenders53 Wrote:(04-08-2020, 10:12 AM)NilesMike Wrote: MCD has traditionally had 70% of its sales from the drive through, they were well positioned for the crisis.IMO they are about fully valued for all their sales today. But they are MCD so the stock will be fine. Their balance sheet isn't what it once was. They are also a real estate company now with few company owned stores so they can't be valued quite the same vs historical. I bought sub $130 shares so not being greedy.
Here’s the thing. Sure MCD drive through will always be three strength. But chick fil a lines are huge and taking away a lot of business from MCD right now. And people are getting food from local small business to support them though this virus to keep them a float. MCD also now has a limited menu and that’s going to hurt them not to mention they did away with the 24 hr breakfast and that was a bad move. So it’s not a great a story as you think it is. I bought some in $130 range as well and sold out of it all at $178. Not greedy as well lol