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Non-Tech : McDonalds (MCD) -- Ignore unavailable to you. Want to Upgrade?


To: andris who wrote (54)2/14/1998 4:14:00 AM
From: Fredric D. Bellamy  Read Replies (1) | Respond to of 288
 
>>"Nice move again today. I suppose everyone is finally realizing that mcd is undervalued and underappreciated. Keep Climbing."<<

Fortune's daily web columnist, Andrew Serwer, seems to agree. Here is what he said yesterday about MCD's recent moves:

"McDONALD'S.... Hey, McStock was on the move today, climbing over $2, to $53, up from $45 in January. . . . Anyway if you look at a chart of the stock, you can see this will be the third time over the past 52 weeks it has spiked up towards $53-$54. Wondering if it will finally bust loose this time. My gut says yes (three times a charm); earnings finally catching up to price."

I have been waiting for several months for this kind of move before I would "double down" my investment in MCD. This stock has been flat for some time, so let's hope that it is just warming up now.