McDonald’s Solid Prospects
Sometimes markets are spooked by numbers going wrong or stories going wrong, or esoteric factors that are sometimes quantifiable, sometimes not. Case in point: McDonald’s (NYSE: MCD), the fast food goliath, reported year-over-year sales for its U.S. restaurants flat for the first time in over four years back in December, so the stock was taken down quickly from the 60s into the low 50s. While traders did their short term thing, longer term investors were also concerned that McDonald’s couldn’t keep up the stellar earnings growth momentum it had fashioned so unfailingly. Was this the end of domestic growth, at…