"A chicken in every pot, a car in every garage" — Herbert Hoover
McDonald’s (MCD) global same store sales rose 4.9% in January as the huge fast food company continues its mad run. With over 30,000 stores around the world, it seem impossible that the company keeps growing.
With the current growth rate, every man, woman and child in the world is likely to be eating at McDonald’s sometime soon.
The stock has gone from below $28 in June 2005 to its current $44.75, but, why should a gain like that stop it from going higher? Maybe it will just keep tracking same store sales.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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