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Why McDonald's Stays In Our 1% Portfolio

We are holding McDonald's Corporation (NYSE:MCD) in our portfolio, and we will continue to hold it despite all the recent negativity. McDonald's stock rose last week from sub-$90 lows on news that its CEO Don Thompson is stepping down on March 1. Don can't be faulted for what has happened at McDonald's. He became CEO at a time when McDonald's sales were already declining. Don was at the helm for roughly 2.5 years and as you can see from the chart below, he couldn't turn the share price around within that timeframe, even though he kept increasing its…