There was no incremental news that came out of the meeting. McDonald's has reached maturity in its life cycle and it can't turn around, while its growth may be on the decline as consumers move toward healthier choices.
More Quotes from Sandy Sanders:
We have dance and history classes at the same time.Sandy Sanders
Casual dining chains are more attractive than fast food companies. You don't find the lines at McDonald's that you do at places like Olive Garden and Red Lobster on a Friday night. There is room for more restaurants in casual dining.
Sandy Sanders
My basic premise is that, as time moves along, they're going to have to spend more from operating cash flow, and that's going to increase the cost burden in the future compared to more nimble companies like Motorola. Investors are going to be interested in companies with rising operating margins, not ones struggling to raise them.
Sandy Sanders
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I remember an article, I can't recall who by, it was after the fall of the Berlin Wall, which said that now the Wall was down, there could be no more class war. Only someone with money could ever say such a thing.
Claude Chabrol
A good portion of speaking will consist in knowing how to lie.
Desiderius Erasmus