Thursday, December 22, 2011

Los Arcos Dorados

Said a friendly investment advisor,
As to where the best stock market buys are:
"Just look to Brazil,
Where, intriguingly, still
The best markets for burgers and fries are."

Investment advisor Josh Brown, whose nom de blog is The Reformed Broker, was among the stock pickers helping Investor Place to select the Ten Best Stocks for 2012. The reformed broker's pick? Arcos Dorados (NYSE: ARCO), the world's largest McDonald’s franchisee, with more than 1,750 locations, largely in Latin America Mr. Brown shines a light on the southern hemisphere's expanding consumer spending, particularly in Brazil (50% of $ARCO revenues), where a thriving middle class of 100 million people gives the company "incredible room for growth." Well done, Mr. Brown, but we can only hope that Brazilians' waistbands are equally expandable.

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