By: Melvin Pasternak of Street Authority
I have to admit it: McDonald's (NYSE: MCD) is not one of my favorite fast-food restaurants.
As I age, I am increasingly concerned about the effect diet has my health, so I try to eat lots of fruits and vegetables and avoid foods high in salt and fat. True, you can find some relatively healthy options at McDonalds if you choose wisely. However, if you indulge regularly in high-fat, sodium-rich hamburgers and fries, it can lead to an increased risk for Type 2 diabetes and heart disease, among other things.
My beef with the chain goes beyond its food, though. The company also uses way too much packaging from my point of view -- a sin it shares with many of its fast-food brethren. For anyone with a sensitive environmental conscience, what gets dumped into the trash can at the end of a McDonald's meal causes added distress.
My complaint with McDonald's stock goes beyond my dislike for the restaurant. With the broader market reeling from the effects of the Greek debt crisis and the massive sell-off in Chinese stocks, I believe McDonald's may be on the brink of a major correction. As a result, it is setting itself up as a highly profitable short trade. Continue reading "Short McDonald's Now"