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Non-Tech : McDonalds (MCD)
MCD 316.72+2.3%Dec 12 9:30 AM EST
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To: Early Bird who wrote (10)9/3/1997 1:33:00 PM
From: Quaddad   of 288
 
Mike,

I apologize for my post earlier today. I was a little on the crankey side.

Those downgrades weren't actually downgrades. The Solomon one was. But the ML and BS releases were readjustments of earnings estimates. They adjusted them up a few months back and appearently now they feel they need to put them back to were they were originally.

These analysts are constantly doing this.

Now let's hope that MCD can get out of this trading range.
MCD management need to get their butt in gear and find some direction. Seems like they have been just spinning their wheels trying to find new menu items and failed promotions.
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