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Originally Posted by Vince@MSperfab
Remember that MCD isn't a middle class and up staple. For a single parent or homeless person it maybe the only warm meal they eat in a week. In my opinion they are "too big to fail" and should be able to sustain itself if they can reinvent itself every few years. Long term I think its safe to stay. I don't own any stock or eat there....much. If I had owned it and have 100+ shares, i'd hold.
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I agree, I just don't think that demographic solely can support a flourishing business. They are franchises so the strong will likely survive with diminishing volume. I doubt they fail either, but nothing is out of play.
Quote:
Originally Posted by glassman
Like 90 people (bout four) have told me to read that book. Its on my "oh, sh_t, i forgot" list lol
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It was a decent read. It came down to the culture the great companies created. That was the factor from good to great. There, I saved you 250 pages.
