Opinions
Andrew Pyle
McDonald's Cdn Depositary Receipt (CDR)
MCDS-NE
TOP PICK
Aug 29, 2024
N/A
Stock price when the opinion was issued
0
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Bought this in the summer as a value play. It was trading well below its fundamental value. Less economically sensitive. Despite recent falters, still likes it and its valuation. Leader in the group. Yield is 2.3%.
CAD is trading at what he thinks will be the low part of a historical range; over next 5 years, should improve back toward 80 cents. Means that buying US stocks in USD injects currency risk. If both the CAD and the stocks go up, it negates the return.