Thursday, January 04, 2007
In a note today on McDonald’s (NYSE: MCD), Buckingham Research said their sources suggest that the company may make a decision regarding a divestiture of a sizable chunk of its Latin American operations. The firm said an announcement could be made this month and could fetch up to $1.8 billion for the company, which could be used for repurchase or perhaps a special one-time dividend. The firm said the Latin America operations involved represent less than 2% of worldwide profits. The firm maintains their Strong Buy rating and $50 price target.