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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (15438)	9/12/2002 1:40:56 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78740

Allen: <<Is McD having major problems in asia?>>Depends on who you ask 9/5 reports: * LEHMAN: Expect Negative July/Aug Global Comps (-2 to -3%) w/ US -2 to -3% (vs guidance for Up), Europe up +1-2%, Asia/Pac -8 to -10%, Canada; Flat & LatAm; -3 to -5% * MERRILL: 3Q update is scheduled to be announced on September 17. We expect it to include another slight comp decline in the U.S. for the first two months (reminder, 3Q is the last quarter of comparison challenges) continued success in Europe and SEQUENTIAL IMPROVEMENT IN ASIA. Although the company bested Street expectations the last two quarters, investors have remained on the sidelines due to concerns about the soft U.S. comps. If both of the above are true, then compared to last year, they're down 9%, but they're flat with last quarter. I recall something about lower prices in Japan stimulating sales, after ``mad-cow'' concerns had hurt saies there [now recovering from that issue in Europe].

To: Allen Furlan who wrote (15438)	9/12/2002 2:05:55 PM
From: Bob Rudd	Respond to of 78740

Allen:<<tiny hamburger chain that's trouncing McDonalds in Asia>>Since a BIG chunk of MCD's Asia problems are "Mad cow" related, I doubt that another hamburger chain is giving them fits...Unless their 'hamburgers' are soy based.

To: Allen Furlan who wrote (15438)	9/12/2002 9:13:45 PM
From: Tony Joines	Read Replies (1) \| Respond to of 78740

The "tiny hamburger chain" sounds like Jollibee, of the Philippines. JFC on the Philippine Stock Exchange, JBFCF on the Pink Sheets. pinksheets.com jollibee.com.ph ''Philippine fast food chain Jollibee is another good example of how flexibly adapting a Western model to Asian tastes can reap outstanding success. Jollibee's founders copied the McDonalds format religiously, but modified the menu to take into account the local penchant for sweeter and spicier hamburgers, and offered non-burger choices such as chicken and Filipino dishes. Jollibee has beaten McDonalds at its own game, and is now the country's largest fast food chain, with sales of more than US$300 million and over 550 outlets.'' quote from crimsonventures.com