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RE: Down goes the Dow

Ghost of Igloi wrote:


Yes, Wall Street looks forward, just like their $128 of estimated forward S&P earnings. Reality is peak Last Twelve Month S&P earnings Q3 2014 at $106.

From MCD 8-K: "McDonald's mitigates exposures, where practical, by purchasing goods and services in local currencies, financing in local currencies and hedging certain foreign-denominated cash flows."


a point for Igy: this is from a year ago - he said the then-current estimate for SP500 earnings was far too high. he was right. It was $128 then...we're looking at $118 I believe. (setting aside pro forma/adusted numbers)

but a point away from Igy

He suggested MCD was not a buy a year ago, when wall street was cheering the stock for some positive numbers. The analysts were clearly right - the stock is up around 12% from that point, vs. around 8 for the SP500.

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