Long Term Partners

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To review McDonald's 3rd quarter, 2010 results please visit                           

http://phx.corporate-ir.net/phoenix.zhtml?c=97876&p=irol-newsArticle&ID=1485461&highlight=

 

McDonald's remains one of our favorite holdings. Our reasoning is quite simple. With 32,000 restaurants, 75%which are franchised, one of the most recognizable brands on the planet, we would hate to have to duplicate their success as a competitor. Competition is fierce, but we expect their brand to remain at the top of the food chain for years to come. We are also happy to collect $ 2.44 per share in dividends as well as participate in the success of the company.

MCD represents 3.95% of our portfolio.

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