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.
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  1. Passive Income PursuitOctober 19, 2012 at 3:34 PM

    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. FI FighterOctober 20, 2012 at 12:04 AM

    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. Average Dividend YieldOctober 21, 2012 at 7:06 AM

    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. Passive Income PursuitOctober 21, 2012 at 7:34 AM

      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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