"McDonald’s Profit Is Up; So Are Costs"

Quotes - finance.google.com
Range 78.81 - 79.37
52 week 65.31 - 80.94
Open 78.83
Vol / Avg. 1.39M/4.71M
Mkt cap 82.17B
P/E 16.74
Div/yield 0.61/3.08
EPS 4.73
Shares 1.04B
Beta 0.50


I would not buy the McDonald’s stock because it is trading at its weekly high, 79.21 and I am assuming it is going to decline soon. Its price range in the last 52 weeks is 65.31 to 80.94, meaning that it is trading at 52 weekly high as well. Moreover the prices are increasing on food, such as “beef and other crucial ingredients.” Most likely this will scare many costumers away which will be vital for the business. People “dine there mainly because of the low cost” so once the prices go up it should greatly affect the stock trade. (THE ASSOCIATED PRESS)

http://www.nytimes.com/2011/04/22/business/22mcdonalds.html?partner=rss&emc=rss

-Anzhelika Masheyeva