07-08-2016, 07:09 PM
Just have seen the "hands raises" on picking MCD one year ago in the SA comments of Chuck Carnevales recent article "the only Aristocrats ...".
Didn't want to chime in over there.
After following MCD for years I joind the Owner's Club on June 3rd, 2015 at $96.50 and 3.5% dividend yield. My jump was based on ... well I just could sit still any longer and there were those speculations of a breakout. Only today, as part of my homework after my SA article, I did s future valuation. Based on my cost and data of 2015 I calculate a total return over 10 years of ca. 8% after tax. That includes dividends and assuming a sale of the shares in 2025. The
At 8% after tax ...
wait, dividends were not reinvested in this mode of Buffettology, Chapter 37, I think. It's price appreciation is backed by a DCF rate of 6,67% and FCF growth of 5%.
... I probably do not need those managed CEF vehicles any longer, nor rental property.
Didn't want to chime in over there.
After following MCD for years I joind the Owner's Club on June 3rd, 2015 at $96.50 and 3.5% dividend yield. My jump was based on ... well I just could sit still any longer and there were those speculations of a breakout. Only today, as part of my homework after my SA article, I did s future valuation. Based on my cost and data of 2015 I calculate a total return over 10 years of ca. 8% after tax. That includes dividends and assuming a sale of the shares in 2025. The
At 8% after tax ...
wait, dividends were not reinvested in this mode of Buffettology, Chapter 37, I think. It's price appreciation is backed by a DCF rate of 6,67% and FCF growth of 5%.
... I probably do not need those managed CEF vehicles any longer, nor rental property.