Hedge fund manager Larry Robbins on Thursday called fast food restaurant McDonald's Corp a "uniquely interesting opportunity" thanks to a new chief executive and a board that he expects will become more focused over the coming months. Robbins, who runs the $11 billion Glenview Capital Management hedge fund and was ranked as 2013's best performing hedge fund manager, listed McDonald's as one of his portfolio's lesser-known favorite picks - placing it alongside his more-widely-discussed favorites Thermo Fisher, Monsanto and Flextronics.Robbins attends many conferences and talks often about his top picks. At the Harbor Investment Conference he joked that he's talked about everything.McDonald's operating characteristics are "subpar," he said, but he thinks Steve Easterbrook, who will take over the CEO role on March 1, is aware of this and will work on it.He also said that nominations for directors to McDonald's board can be made, which suggests that new members might join. "At a minimum, the board will be more focused," Robbins said.
McDonald?s Corporation (McDonald?s) franchises and operates McDonald?s restaurants in the global restaurant industry. Shares of MCD traded higher by 0.93% or $0.88/share to $95.09. In the past year, the shares have traded as low as $87.62 and as high as $103.78. On average, 6961780 shares of MCD exchange hands on a given day and today's volume is recorded at 7758534.
Source
