The Golden Arches

McDonald’s (MCD) has been a great stock for us in Blue Chip Growth. I added it to our Buy List two years ago and we’re currently sitting on a 46% profit.

The company has really changed how it does business. Consider that there are fewer McDonald’s in Europe than in the United States, but the continent contributes more earnings than the U.S.

Today’s New York Times highlights MCD’s recent success

McDonald’s will report its earnings two weeks from today. For the fourth quarter of 2007, MCD earned 73 cents a share. For this earnings season, I’m targeting earnings of 85 cents a share which is slightly more than Wall Street’s consensus of 83 cents a share.

I rate McDonald’s a strong buy for conservative investors.

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