I've mentioned "FUNDAMENTAL CHANGE" in this thread about half a million times.... Today -- we see what that looks like.
McDonalds lost my vote a few years back -- which I also posted about ad infinitum.... the food was bad - the restaurants were dirty - the bathrooms were dirty.....
In comes fundamental change --- in 2015 they fire the CEO and move Steve Easterbrook to that position.... since then -- the stock has been on a tear. Up about 62% in two years...
I still do not own it - I missed the change and failed to believe one man could have such a dramatic effect. I guess that's my reason for the post. Part of STOCK PICKING is to be ahead of the curve - see the changes for what they can and could be -- some times they (stocks) continue to go down. Sometimes they turn the corner. Two I've missed --- McDonalds and Microsoft.
Now I wonder if the change at General Electric (GE) will make a difference? The stock was stellar under Jack Welch -- then fell under Jeff Immelt -- now he's going to retire and a new guy gets a chance. Will be interesting to watch. I won't be a buyer this time either -- because their dividend isn't high enough for me to take the risk... but let's watch it and see what happens.
|