McDonald’s Hits All-Time High

In September, McDonald’s announced they were going to start serving breakfast all day. Interestingly, the announcement was made over Twitter.

At the time, the stock was going for $93 per share. Today, MCD broke $130 making a new all-time high.

Over the last year, MCD is the best-performing stock in the Dow. Of course, that comes after a long, difficult stretch.

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This is tough for me because I spotted that MCD was a good value and added it to our Buy List in 2014. Even when you are right about a stock’s value, you still need to get the timing right. MCD didn’t do very well for us and I dumped it after one year. Clearly, I should have given it more time.

Still, I think Wall Street is being overly optimistic on MCD’s turnaround. Things are going well, and I’m glad the stock has recovered, but they have a long way to go. For now, I think MCD is overpriced here.

Posted by on May 4th, 2016 at 4:46 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.