Have you all seen this? I saw it on the TBS network this evening for the first time.
The scene is an office with an open cubicles. A black man approaches a white woman and white man standing and sitting, respectively, within one of the cubes.
Black man: The dollar is down again.
White man: Uh, it's brutal.
White woman: I know, its feeble.
BM: It's dropping like a lead balloon.
WM: Tanking............
WW: It's in free-fall.
BM: It's just pathetic.
A second white man approaches the cubicle with a McDonalds burger in hand and places a McDonalds bag on the cube edge.
WM1: Hey big guy, what do you got there fella?
BM: Did I say weak?
WM1: The dollar is looking strong.
BM: The dollar is looking gooood.
WW: Very good.
Weak Dollar Boosts McDonald's 3Q Profits - October 19, 2007
The scene is an office with an open cubicles. A black man approaches a white woman and white man standing and sitting, respectively, within one of the cubes.
Black man: The dollar is down again.
White man: Uh, it's brutal.
White woman: I know, its feeble.
BM: It's dropping like a lead balloon.
WM: Tanking............
WW: It's in free-fall.
BM: It's just pathetic.
A second white man approaches the cubicle with a McDonalds burger in hand and places a McDonalds bag on the cube edge.
WM1: Hey big guy, what do you got there fella?
BM: Did I say weak?
WM1: The dollar is looking strong.
BM: The dollar is looking gooood.
WW: Very good.
Weak Dollar Boosts McDonald's 3Q Profits - October 19, 2007
Quote:
The Oak Brook, Ill.-based company reported earnings Friday that were in keeping with preliminary results released last week, posting an impressive $1.07 billion in net income.
The Oak Brook, Ill.-based company reported earnings Friday that were in keeping with preliminary results released last week, posting an impressive $1.07 billion in net income.
[..]
"Our business is strong around the world," President and Chief Operating Officer Ralph Alvarez said on a conference call.
[..]
Carl Sibilski, managing director of Chicago-based Oyster Capital Management, said McDonald's is doing a good job selling products that people want. But he said its surge may be exaggerated by all the help it's getting from the weak dollar.
"Foreign currency benefits are making McDonald's results seem better than they probably should," he said. "It's not nearly as rapid growth as it appears in dollar terms."
[..]
Net income for the July-through-September period amounted to 89 cents per share, up from $843.3 million, or 68 cents per share, in the third quarter of 2006. Aside from an after-tax gain of 6 cents per share from the sale of its Boston Market franchise, earnings were 83 cents, matching the expectations of analysts surveyed by Thomson Financial based on McDonald's early numbers on Oct. 12.
Revenue was $5.9 billion, up from $5.5 billion a year ago. Same-store sales, which the company announced previously, rose for a seventh straight quarter. The 6.9 percent gain was led by an 11.4 percent increase in its Asia/Pacific, Middle East and Africa division, the highest in 10 years.
McDonald's shares dropped 37 cents to close at $56.35 Friday, just off last week's all-time high of $57.53.
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