Take a Bite of That Big Mac
Fast-food giant McDonald's (MCD) took a hit on weaker-than-expected results. Shares that couldn't be pried from investors' hands last January above $102 are now being offered for $87.13.
That leaves McDonald's right around its 10-year median multiple of 16x the downwardly revised 2012 estimate of $5.43, and around 14.6x next year's $5.99 Zacks estimate. The shares look fairly valued if you think they can deliver on these already-tempered expectations....255 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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