I also like the business model Fortune1975. The rise from March 2020 lows is not an aberration but a continuation of the multi-year rising trend. For good reason.
It is audacious of me to suggest that Maccas have made a mistake with their current business model, I know. A bit like an ant telling an elephant that his ears are too big! They achieved outstanding growth in earlier years by producing a simple, tasty product, quickly and cheaply. It is no longer cheap or simple and nor is it as quick as it used to be. I believe that Maccas transitioning to a model built on "all things for all people" type menu will not serve them well (excuse the pun). People I talk to have made similar comments about Maccas, from a consumer viewpoint and that must eventually impact their business and subsequently enhance ours. The Golden Arches are starting to tarnish, which just goes to show they are not pure gold!
I have a small holding of CFK which I intend to grow as the uptrend continues.
CKF Price at posting:
$9.65 Sentiment: Buy Disclosure: Held
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