Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

McDonald's gets Y40 bil loan from Japanese banks

Business Feb. 20, 2009 - 05:59AM JST ( 7 )

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7 Comments

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some14someFeb. 20, 2009 - 07:30AM JST

These three Mega Banks should be proud of extending Y40bil to Japan's No.1 foreign food franchise, with record high profits.
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timtakFeb. 20, 2009 - 10:42AM JST

The message is, invest in cheap/convenient staples because they will remain in demand?
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AltriaFeb. 20, 2009 - 12:05PM JST

McDonalds is posting record profits - shouldn't they be bailing out the banks, not the other way around?
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dennis0bauerFeb. 20, 2009 - 12:43PM JST

uhm why do the need a loan? planning a LBO?
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onewrldonepplFeb. 20, 2009 - 01:16PM JST

i'm also interested to know why Mickey Deez needs to borrow money. according to most media outlets they, Rakuten, UNIQLO, TDL and one other japanese company are raking in huge profits despite the present recession.
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TokyoHustlaFeb. 21, 2009 - 02:45AM JST

McDonalds is in deep, deep trouble due to bad purchases of futures contracts in grains that were at peak price when the contracts were bought, and have fallen over 60% since then. These loans are necessary to keep them alive as operating coasts soar and losses on these contracts come home to roost. Recent sales have been great, but management decisions on the purchasing of futures are killing the firm. This loan is fending off bankruptcy, for the next quarter or two, but the firm will find it difficult to survive beyond that without a government bailout (it will certainly default on these loans).
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bobbafettFeb. 25, 2009 - 01:29PM JST

McDonalds is in deep, deep trouble due to bad purchases of futures contracts in grains that were at peak price when the contracts were bought, and have fallen over 60% since then

surely they would have bought the futures contracts with a sell/hold option. Maybe they need a loan to keep things going, staking the futures contracts as collateral, and then sell when the time is right.