MarketFoolery: 03.22.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 22 March 2012
⏱️ 12 minutes
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Summary
McDonald's CEO steps down. Fedex delivers earnings. And Kraft picks a new name for its snack business.
Transcript
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| 0:00.0 | It's Thursday, March 22nd. This is Market Fullery. I'm Chris Hill. |
| 0:05.0 | I'm joining me in studio today from Motley Full Stock Advisor, Jason Moser from Motley |
| 0:09.2 | Full Inside Value Joe Meager. |
| 0:11.0 | Gentlemen, happy Thursday. |
| 0:12.3 | Happy Thursday. We have got earnings from FedEx. We have a name change |
| 0:17.1 | from Kraft, but we are going to start with McDonald's. CEO Jim Skinner is stepping down in |
| 0:22.2 | June. |
| 0:22.7 | He will be replaced by chief operating officer Don Thompson. |
| 0:27.3 | Skinner's been CEO since late 2004. |
| 0:29.9 | And Jason, I think it's fair to say that the stock has had a very nice run with Skinner at the top of the company. |
| 0:36.2 | Yes Skinner is, let's hope he doesn't pull like a Jordan here or something like that where he decides to kind of jump back in the game at some point in a couple of years. |
| 0:43.1 | He's kind of, can't figure out how to relate to non-CEO life, but he's had some, a really good stretch here |
| 0:48.9 | with McDonald's. |
| 0:49.7 | Just looking back at some numbers here since 2004, mean revenues are up 45% net income is |
| 0:54.4 | up 140%. Operating margin has gone from 21.3% to 30.7%. He's more than |
| 1:02.0 | doubled the amount in dividends paid out while bringing the share |
| 1:04.9 | account down almost 20%. And the stock has just killed the market up almost 300% over that |
| 1:11.6 | same period of time. So he is walking out on top. |
| 1:15.3 | Joe, what do you think? |
| 1:16.8 | Pretty amazing run. |
| 1:17.7 | I mean, I remember a decade ago, we all thought McDonald's |
| 1:20.3 | was a sinking ship. |
... |
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