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Motley Fool Money

McDonald’s Returns to Value

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 29 July 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

Eaters and investors are both happy to see the $5 value meal on the menu. (00:21) Asit Sharma and Dylan Lewis discuss: - 2024’s largest IPO – cold storage company Lineage – and whether the REIT is worth watching for investors. - McDonald’s Q2 earnings, the chain’s pivot to value-oriented menu items, and why the outlook for pinched consumers likely won’t get better any time soon. (17:44) CEO of Pacific Gas and Electric, Patti Poppe joins Ricky Mulvey to discuss PG&E’s turnaround and how her company is serving the growing electricity demand from data centers. Companies discussed: LINE, COLD, MCD, PCG Host: Dylan Lewis Guests: Asit Sharma, Ricky Mulvey, Patti Poppe Producer: Mary Long, Ricky Mulvey Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're checking in on the business of food and how it gets to you.

0:08.0

Motley Full analyst Osset Sharma. I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool analyst

0:23.8

Ossit Sharma. Osset, thanks for joining me today. Hey Dylan good to be here.

0:28.3

We've got a rundown on the biggest IPO of 2024 and fresh results from McDonald's.

0:35.0

We'll start with the big debut.

0:37.0

Osset, 2024's largest public offering dropped last week,

0:40.0

but I'm guessing a lot of investors missed it kind of an under the radar

0:44.1

company cold storage and logistics operator lineage they raised 4.5 billion on its way

0:51.0

to a 20 billion dollar. I think we're going to have to dig into

0:55.5

this one a little bit for listeners. What exactly does lineage do?

0:59.8

So Dylan, lineage owns temperature controlled warehouses and it centers on the refrigerated food industry,

1:07.3

the logistics of getting food from basically a cold point to your refrigerator or your freezer.

1:14.4

It also serves the pharmaceutical industry,

1:16.8

and this is a roll-up.

1:19.1

For those of you who are familiar with that term,

1:21.0

it's basically grown by acquisition.

1:23.2

Started by two interesting youngish founders, Adam Forstay and Kevin Marchetti.

1:29.6

And really their idea was to go into an industry which hadn't seen a lot of efficiency and modernize the logistics of moving food.

1:39.0

It's so interesting to me because we've been dealing with this problem for centuries. Cato the elder

1:47.5

Dylan had a treatise on agricultural methods to preserve food. Rome was on the ancient silk route and you can track these ancient writings about keeping food cold using snow from mountains, etc.

2:02.0

We come to today things haven't changed that much. This is still an

2:05.6

industry which is going to be around for a long time. The question is can you make money

...

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