Quite amazing, what Mickey D's has done in the past year with its coffee/latte campaign. I don't drink coffee, but their lattes smell and look ono (delicious). The stock has not touched its 50-day SMA since mid-September. I thought 55 was the doldrums a couple of months ago, but MCD is off its recent high of 62-plus.
At 60, MCD is not a buy in my book, but growth in China is compelling. Rare is the opportunity for an old food company to shoot for the moon. As Starbucks sinks, McDonald's grows.
Pupule's Top 25 (Dec. 25)
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