@Lanco
Danke für den link im link
Was mir auffiel, dass dort MCDs S&P Rating nicht korrekt dargestellt wurde. MCD hat ein BBB+ und ist weit entfernt von "Ramschniveau", denn erstmal kämen noch BBB und BBB-.
Weiterhin zum Thema Aktienrückkauf: Ich habe es so verstanden, dass MCD (1) die niedrigen Zinsen und (2) den niedrigen Aktienkurs nutzte um (3) Kapitalkosten sparen zu können, weil der Zinsdienst < Dividendendienst.
Ansonsten nochmal das bekannte Zitat vom ehemaligen CEO Sonneborn:
"We (McDonald's) are not technically in the food business. We are in the real estate business. The only reason we sell fifteen-cent hamburgers is that they are the greatest producer of revenue, from which our tenants can pay us our rent."
dazu mal ein link:
https://www.fool.com/investing/2017/06/0...money.aspx
dazu passend:
"McDonald's is one of the largest real estate owners in the world, having snapped up thousands of property locations along highways and within busy cities all around the world over the course of many decades. At the end of 2018 McDonald's owned approximately 50% of the land and 80% of the buildings for restaurants in its markets.
The best part is McDonald's locations are essentially financed by independent operators (the franchisees), who must pay an upfront fee to open a restaurant and send as much as 16% of their restaurant sales back to McDonald's for rent under their long-term lease agreements, according to The Wall Street Journal."
https://2.simplysafedividends.com/trading_items/2629084
Danke für den link im link
Was mir auffiel, dass dort MCDs S&P Rating nicht korrekt dargestellt wurde. MCD hat ein BBB+ und ist weit entfernt von "Ramschniveau", denn erstmal kämen noch BBB und BBB-.
Weiterhin zum Thema Aktienrückkauf: Ich habe es so verstanden, dass MCD (1) die niedrigen Zinsen und (2) den niedrigen Aktienkurs nutzte um (3) Kapitalkosten sparen zu können, weil der Zinsdienst < Dividendendienst.
Ansonsten nochmal das bekannte Zitat vom ehemaligen CEO Sonneborn:
"We (McDonald's) are not technically in the food business. We are in the real estate business. The only reason we sell fifteen-cent hamburgers is that they are the greatest producer of revenue, from which our tenants can pay us our rent."
dazu mal ein link:
https://www.fool.com/investing/2017/06/0...money.aspx
dazu passend:
"McDonald's is one of the largest real estate owners in the world, having snapped up thousands of property locations along highways and within busy cities all around the world over the course of many decades. At the end of 2018 McDonald's owned approximately 50% of the land and 80% of the buildings for restaurants in its markets.
The best part is McDonald's locations are essentially financed by independent operators (the franchisees), who must pay an upfront fee to open a restaurant and send as much as 16% of their restaurant sales back to McDonald's for rent under their long-term lease agreements, according to The Wall Street Journal."
https://2.simplysafedividends.com/trading_items/2629084
