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.

4 comments:

  1. MCD sold off $4.14 per share for a 4.46% pullback on the day. If we can get a further pullback into the $87's I'll be adding some more shares.

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  2. After today's pullback, MCD is definitely on my radar now. $87 would be a great target price.

    Good luck!

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  3. You've got a great blog. I've been holding out for a bargain on MCD. Looks like that just might be around the corner.

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    Replies
    1. Thanks! I'll probably be looking to add some more if I can get a chance to average down my position next week. Although like I said I'd feel comfortable initiating a position here if I was looking to get into MCD.

      Thanks for stopping by!

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