4 ms·

Yes, in addition to having a fake (never-profitable) business, they are also exposed to highly overvalued real estate at the top of a business cycle

• JMTQp8lwXL 7y ago
  To be fair, if this was the start of the business cycle, it might not be a bad idea. Real estate had some great deals to be found in 2008 if you had the liquidity to purchase.
  • jmole 7y ago
    that's exactly what mcdonalds did: https://blog.wallstreetsurvivor.com/2015/10/08/mcdonalds-beyond-the-burger/ https://blog.wallstreetsurvivor.com/2015/10/08/mcdonalds-bey...
    • Areading314 7y ago
      With the minor difference that Mcdonalds has been making $billions in profit, quarter after quarter for many decades.