McDonald's Corp. (MCD), the world's largest restaurant chain, rose the most in more than two years after Chief Financial Officer Pete Bensen said the company may look to cut costs and borrow more cash to return to investors.
Tuesday, March 11, 2014
I do own $MCD, and the stock ramped today as the CFO said maybe the company would return cash to investors. But the curious thing was the wording: "the company may … borrow more cash to return to investors."
Is that where Ben Bernanke went after running the Fed?
I guess that's the way the country is heading, and it kind of scares me. Is the only way to make it these days is to borrow money and pretend you're doing great? Really? With that being said, my local McDonald's always seem crowded with people ordering something with a large fries and a soda. Even though year over year sales numbers seem less impressive than in past years, and there is more and more competition from upper scale and "fresh food" places, MCD is still pretty busy at breakfast, lunch and dinner.
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