We're glad to see that sales in Europe have turned around. McDonald's said nothing about Asia so that could mean that they're still sucking wind there.

We're concerned that McDonald's may not be able to sustain these levels of comparable sales gains over the next 8 to 9 months. We expect sales growth going forward to be in the mid single-digits of between 4 to 6 percent as the company enters a period of tougher comparisons from a year ago.

The market has a high expectation for comparable sales going forward but it may be difficult for the company to keep this kind of momentum going forward.

The consumer was in fairly good shape before Hurricane Katrina. Sales were strong virtually across the board.

You get the customer, the primary customer, which is the child, in the door, and then the adult will also typically buy something else, adding to revenues and profits.

Management is conservative and has a slow-and-steady approach that will not let the core business suffer at the seduction of hyper-expansion.