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I don’t like In and Out french fries, so I guess I lose credibility with you.
Huh? I do not like their french fries either.
I much rather have a Fillet-O-Fish.
I prefer McDonald’s french fries.
Same here. But I do not eat much fries.
you’re not alone, I also prefer Fillet-O-Fish to In and Out.
That is what I usually eat there after breakfast time.
How does McDonald's decide the price of their burgers? I used to head down LA by driving, and the closer you are to urban center, the cheaper the burger price becomes. If you are stuck in some main stop center along I-5, they charge you an arm and a leg for the same thing.
For example, Chicken burger (or whatever burger with chicken patty in it) costs 89-99 cents when you leave San Jose, it soars to 1.29 in San Luis Obispo, and reaches the height of around 1.59 an hour north of Bakersfield.
It's funny, the McDonald's accross from the (former) World Trade Center in NY charged close to $8.00 for a Crispy Chicken Sandwhich Value Meal in the mid-90's. The very same meal in Chicago's financial district was $4.85.
I guess they charge whatever the market will bear.
You guys are so funny. You’re talking about french fries?!?!
I mean Freedom Fries. :)
I prefer all in-n-out offerings to all McD offerings (Yes, even over the precisely engineered McD fries. In-n-out fries taste more authenic because they're fresh.
However, I'm still going against that Newport Beach McMansion. No $5M estate should be placed that close to the street. It looks like a monstrous McMansion...kind of a funny concept, a McMansion mansion.
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Readers of the FT will be familiar with the (newly expanded) Lex Column. Today's featured an interesting little bit on US housebuilders, and its relation to the US housing market.
The column goes on to mention:
Toll is considered a bellwether indicator. Why? Because it markets upscale homes to a sophisticated clientele. Sentiment has grown so negative on Toll that their recent guidance further cutting earnings forecasts actually triggered a relief rally. The market capitalization of Toll is less than the value of all its land and inventory.
Or is it? The problem is that the only potential buyers for construction projects in-progress are other builders, who are similarly depressed for the same reasons. This kind of "vicious circle" is hard to break and usually causes an overshooting of reasonable valuation.
But before you jump in to buy undervalued REITs or homebuilder stocks, keep in mind that this may just be the beginning. The entire sector is trading at about 5.5 times ever shrinking earnings estimates. But (and this is a big but), direct costs are skyrocketing, general inflation is increasing, rates are rising, and industry consolidation is probably nowhere near done. Lex's conclusion: it will be increasingly difficult for these builders to defend returns as capital costs soar. Result, more downside probably left.
Why on earth do we even care? We're sure to hear from at least one Troll that "New Home Starts" don't matter, or that homebuilders aren't relevant, or that "sales of existing homes" is the only game in town. My answer: perhaps, this time, everything is different and we've entered a great new economic paradigm where leading indicators no longer lead. Or, the correction is well underway.
--Randy H
#housing