We will keep this quite simple IT SELLS CHICKEN AND HAS A 121 P/E RATIO, its average analysts price target is $78, this just does not make sense regardless of growth and lower staffing costs, it is still chicken not some sort of TECH unicorn. Analysts recently questioned
MCD
for having A 27 P/E. We will be waiting for this to run out of steam and when it does watch out below, it will run to $80 very fast and don't rule out $50 for a bottom.
MCD
for having A 27 P/E. We will be waiting for this to run out of steam and when it does watch out below, it will run to $80 very fast and don't rule out $50 for a bottom.