To The Moon

McDonald's today announced that it will exit the Russian Market after more than 30 years in operation and has initiated a process to sell its Russian business.  McDonald's is pursuing the sale of its entire portfolio of McDonald's restaurants in Russia to a local buyer.

As a result of its Russian exit, McDonald's expects to record a charge of approximately USD 1. 2 billion to 1.4 billion to write off its net investment in the market.  In the Russian way, McDonald's CEO said "Until We Meet again", not a Good Bye. So perhaps McDonald's maybe back after the war is over. 

However the good news for investors is that McDonald's reaffirms its prior 2022 outlook with operating margin to be in the 40% range as a result of this exit from Russia. It still expects net restaurant unit expansion to contribute 1.5% to 2022 system wide sales growth.

Is McDonald's a good buy currently? According to Wall Street analysts, there are currently 22 Buy Ratings and 5 Hold Ratings.

McDonald's pays an annual dividend of USD 5. 52 per share.  Its dividend yield is 2.25%.  It has been increasing its dividends for 46 consecutive years. 

No wonder Warren Buffett loves McDonald's.  I shall certainly put McDonald's on my watch list as it is a golden opportunity to do so. 

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