Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Is Cautious on McDonald's

CIBC World is cautious on McDonald's (MCD).

Analyst John Glass says McDonald's management may guide down the Street's estimates by 5% during a Sept. 17 conference call. He thinks recently announced strategy changes are likely to face capital constraints as McDonald's invests up to $1 billion to upgrade its domestic store base.

Glass says the company's need to pare back its share repurchase program and/or new store openings may result in reduced earnings per share growth. He says shares could see downside to $18-$19, based on historical trough valuations. Glass sees $1.49 2002 earnings per share and $1.63 for 2003. He rates the restaurant sector as underperform.

blog comments powered by Disqus