Monday, August 22, 2011

Another Trade Idea: McDonalds

McDonalds has been impressive this month, still eaking out a gain for the month and closing in an all time high.  It pays a dividend of 2.4% and even if the economy tanks, people will be going out for cheap calories.  If this stock shows any weakness (and it barely has) and dips to the 84-85 range, it would be a good long term pickup with some margin of safety.  And if it can bust to a new high and hit $90/share, I would be even more compelled to get in.



**note:  this chart updates each day, so price will be different than the day it is posted**

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