Last time I talked about McDonalds was to cover my short positions. I have talked about the fast food chains at length, as they represent the pinnacle of pro-capital policies in many ways. All the risk is now driven down to franchisees now, while the franchisor collects a royalty no matter the profits of the franchisee. You can read more here and here. Having been short McDonalds for a while, I took the the short off in June. As a number of subscribers have pointed out, this is just before it had a 15% fall.
The question is this just another dip to be bought, or is the beginning of a bigger move to be chased?
JUNK JUNK FOOD?
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