What ate into McDonald's sales?
Like many companies this winter, the fast-food giant blamed a drop in same-store sales on the weather. But could its problems be bigger than a snowbank?
While Taylor notes that continued growth in Europe could be a driver for the company going forward, the slowing performance in the world's other markets is definitely a concern. While the stock is stable and pays a nice dividend, it has lagged the S&P significantly over the last year, and Taylor isn't a buyer of McDonald's today.
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Tighter regulations and the end of a lengthy bull market in bonds have changed the landscape forever.
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