I got rich in Russia and got out in time, twice. Here’s what I learned about democracy and free markets [Yahoo! Finance News]
McDonald's Corporation (MCD)
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Source: Yahoo! Finance News
John KleinheinzMay 31, 2023 at 7:57 AM·10 min readKirill Kudryavtsev—AFP/Getty ImagesI was an investment banker in London when the Berlin Wall fell in November of 1989. Over the next two years, Russia’s already weak economy accelerated its steep descent into a state of total dysfunction. By 1992, the centrally planned apparatchik economy no longer functioned. Companies paid their employees in worthless currency. Goods, if they were produced at all, were left abandoned in warehouses because nobody wanted them. Vital products were in short supply and could only be procured with hard currency on the black market controlled by murky criminals. In Moscow, there were very few cars on the roads and shop windows were bare. People walked the streets with their heads held low, and the only public excitement seemed to be at the McDonald’s restaurant off Tverskaya Street, where throngs of people lined up to pay a week’s wages for a happy meal for their children.More from Fortune:5 side hustles wh
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MCD
News
- McDonald's Co. (NYSE: MCD) had its price target lowered by analysts at Wedbush from $330.00 to $300.00. They now have an "outperform" rating on the stock.MarketBeat
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- McDonald's (MCD) Stock Moves -0.42%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- How Checkers And Rally's Pulled Itself Out Of Restaurant Ruin [Yahoo! Finance]Yahoo! Finance
- Countdown to McDonald's (MCD) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website