Friday, October 19, 2012
McDonald's (MCD) Earnings Miss
McDonald's reported earnings for the 3rd quarter this morning before the opening bell where they beat on sales but missed on profit. The good news for long-term believers in McDonald's is that shares sold off 3.40% after the announcement and is currently set to open below $90 per share. I'm hoping for a further pullback so I can average down my position after I get my capital to my brokerage account, but I'd have no qualms with initiating a position at the current price.