The Hedgeye Restaurants Team, led by Howard Penney, will be adding McDonald's (MCD) as a short to Hedgeye's Best Ideas List on Thursday, April 25th and we will be hosting a conference call at 11:00am EDT titled, "MCD: FLYING TO CLOSE TOO THE SUN" to detail our bearish stance on MCD FY13 EPS versus expectations.
***MATERIALS WILL BE DISTRIBUTED TOMORROW IN ADVANCE OF THE CALL***
- MCD stock is too far ahead of underlying fundamental performance of the company
- MCD needs a new "Plan to Win"
- Changing consumer preferences and competitive pressures are impacting U.S. business
Attendance on the live call is limited. If you are not a current client of our Restaurants research please email to obtain the dial-in information for this call and a copy of the presentation, or to learn more about our research. Please note there may be a fee associated with this call for non-subscribers.