McDonald’s stock posts all-time high
Congratulations to McDonald’s (MCD). The stock just made a new all-time high today of $75.35. That’s not just a 52-week high, or a post-crash high; that’s an all-time high.
Forty years ago you could have picked up the shares for just 29 cents a piece. That’s adjusted for nine stock splits; four 2-for-1s and five 3-for-2s which equals 121.5-for-1. That’s a gain of close to 26,000% or nearly 15% a year, and it doesn’t include dividends.
McDonald’s has done a great job in turning itself around. In 2003, the shares fell to less than $13. Who would have been brave enough to buy MCD then? I sure didn’t!
Check out this numbers: Yearly EPS has jumped from $2.04 in 2005, to $2.45 in 2006 to $2.89 in 2007 to $3.67 in 2008 to $3.97 last year. EPS will probably hit $4.50 this year and the Street is looking for $4.87 next year.
http://www.crossingwallstreet.com/archives/2010/09/mcdonalds_hits.html
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