McDonald's ( MCD ) has been one of my favorite stocks to talk about lately, since it is the "poster stock" for how a weaker dollar boosts corporate profits in multinational companies with a global footprint.
Just recently, the company reported a tremendous 5% increase in international same-store sales for May, fueled largely by favorable currency exchange rates. As the dollar continues to weaken, we will see even bigger numbers from MCD.
The success of McDonald's McCafe business will help to sustain same-store sales growth until the dollar's weakness shifts exchange rates to the company's favor. MCD also has a high dividend yield, which makes it an attractive investment to investors.
$55.91 (06/27/08)
