Quote:
Originally Posted by mikesouth
Years ago i read Fast Food Nation...its real estate
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in their 10K to the Securities and Exchange commission NO REAL ESTATE ASSETS LISTED.
http://sec.gov/Archives/edgar/data/6...htm#tx80436_13
To falsify a 10K is very serious business.
The writers of Fast Food Nation probably meant the value of all the McDonalds real estate COULD be their biggest asset. But MD's owns NO real estate and many places the franchisee doesn't own the real estate. Any MD's on the ground of a shopping mall just a pad lease or inside lease.