Jul. 31 at 3:07 PM
$MCD Being bearish at these levels makes almost no sense to me. MCD is around
$270 with a P/E of about 22, while it usually trades closer to 25–26 P/E. If it drops much further, we’re looking at a historic buying opportunity for the stock.
The worst year for MCD was 2012, when it was down about 10% (and that’s without even considering that, despite all the current market uncertainty, stocks like
$CMG ,
$SBUX , and
$KO have been flying). Right now MCD is roughly -10% YTD, and a move down to around
$250 would basically mean buying a discount on a company that keeps improving earnings and revenue yoy while continuing to expand globally.
To me, this is a strong buy. “Chill” stocks like this often get overlooked, but this is where the real gains can come from. Feel free to come back after earnings and tell me I was wrong if that happens.
My target is
$340 or even a new all-time highs.
Not immediately, but eventually. See you then.
