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To: DWPittelli
Middle East has nothing to do with this. The McDonald's business in the Middle East represents but a grain of sand in McDonald's crumbling sand castle.

McDonalds built a huge global fast-food empire and they are going to be around for a while. They still make most of their profits on real estate - the own the properties and lease them back to the franchiser. McDonald's is sitting on billions of dollars of prime real estate. But unless they change their business plan for the restaurants, they are going to begin suffering a decline in fast-food market share. There are just too many outlets out there doing fast-food better.

13 posted on 11/08/2002 7:18:41 AM PST by SamAdams76
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To: SamAdams76
Middle East has nothing to do with this. The McDonald's business in the Middle East represents but a grain of sand in McDonald's crumbling sand castle.

Perhaps McDonald's is also doing poorly in the U.S. But the initial article says that all 7 countries where McDonald's is pulling back from, or entirely out of, are in the Middle East or Latin America!

20 posted on 11/08/2002 8:27:07 AM PST by DWPittelli
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