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McDonald's (MCD) All Day Breakfast

McDonald's (MCD) announced yesterday that they'll begin serving all-day-breakfast on October 6th.  Breakfast has been McDonald's best selling daypart, and this is, of course, an effort to increase profitability for the fast-food giant.  The market likes the news so far, as the stock is up over 2% this morning (the market is only up ~1%).

Remember, even though MCD's earnings missed estimates and declined in 2014, Q1-15 and Q2-15, the firm still generates enormous cash flow, and we believe the stock is worth considerably more than its current market price suggests.  You can read our full McDonald's thesis here.

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