Happy to be seeing MCD getting aggressive against suppliers. Those are some serious claims of collusion and price fixing for one of McDonalds largest likely input costs. Shows their commitment to value to keeping prices down by pressuring major suppliers, and if anyone has the scale to do this, it is MCD. Hopefully this and behind the scenes actions can help the co make the $5 value meals more lasting and more profitable. It continues to bode well for the rebound in the chain in an economic environment where consumers are price sensitive and looking for more value/ likely to trade down to MCD.
Wish the stock wasn’t up so much off the bottom I would add to my long call trade (2 Jan 26 265 calls at 20.16 avg cost – 161 percent gain at present ). Given this news I guess I will let these guys ride out for the next several months. Will the stock finally break out of this two year price consolidation chop and get to the mid $300s? Hoping so 🤞
https://www.cnbc.com/2024/10/07/mcdonalds-sues-major-beef-producers-in-us-price-fixing-lawsuit.html
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