McDonald’s Stock Up!

McDonald’s - which is the world’s largest restaurant chain had a higher second-quarter profit than expected.  They had a net income of $1.2 billion, which comes out to $1.04 per share.  The same period last year they lost around $711 million.  Now let me tell you the real reason why their stock will continue to rise.  It’s a no brainier; no one can afford to eat out anymore.  That dollar menu looks great after you just spend $100 to fill your car up.  As long as gas prices remain high no one will be at those sit-down restaurants.  It also seems like that eating off the dollar menu is cheaper than eating at home.

Tags: McDonald's