Always entertaining whether you believe with Jim’s investment views or not.
Jim likes commodities (as always) with sugar being a good place to start (down 60% from the highs)
He didn’t mention cotton, which is down about the same amount.
“What was your worst year?”
“The year I met my first wife.”
- McDonald’s reported global company SSS of +7.4% well ahead of consensus estimates.
- US comp sales were +6.0%
- European comp sales were +6.5%
- Asia/African comp sales were +8.1%
McDonald’s (MCD) continues to display tremendous momentum from remodeling restaurants, improving food quality, adding new menu items, and expanding store hours. While many companies are slowing sharply in Europe, McDonald’s showed acceleration from October trends to November. The world isn’t so bad, despite Europe’s crisis, that business anywhere and everywhere is falling off a cliff. It isn’t as bad in Europe as it was in the US during Q4 2008.