We're finally really playing for something. We control our own destiny.
It's unbelievable. I've never seen anything like it, ... We dodged a bullet with Hurricane George, but we didn't dodge this bullet.
We will not opine about the feasibility of such a transaction.
Instead of focusing on opening new stores, the company is investing on improving its existing stores, ... Second, McDonald's is doing a good job with product innovation and improving quality. It's a philosophical change whereby instead of selling burgers cheaply, it's now selling better menu items at a higher price and consumers are paying for it.
They've chosen not to invest as aggressively as other companies, but also they're not seeing the same sales ramp. You know $17 million in sales this year, that's not really a huge number.
It was extremely scary, ... It gets to the point where you have nowhere to go.
The company has been grooming Bell for that role and he's certainly become more of a public face of the company recently.
It's hard, ... Stuff like that counts.
Certainly if you bought it last March, it was cheap. It was a value stock. It is generally regarded as a well-run company with a big return on investment. Buffett likes beaten-up names and things you can feel, touch and literally eat. It fits his profile pretty well.
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