Cramer is a Buyer of McDonald's (MCD) at $55

December 10, 2008 10:41 AM EST
Get Alerts MCD Hot Sheet
Price: $272.54 +0.59%

Rating Summary:
    26 Buy, 23 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 7 | New: 77
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On last night's Mad Money, a viewer called in during the Lightning Round asking Cramer about McDonald's (NYSE: MCD) stock. Cramer told the caller that he was "insulted" by how McDonald's has traded lately, pointing out that the company had blow-out numbers, but "now its down." Cramer said he would be a buyer of McDonald's at $55.

While I am certainly a fan of Cramer, his call here on McDonald's confuses me. I'm not sure what chart Cramer was looking at, but McDonald's is actually up about 10% since reporting its Q3 earnings on October 22.

Shares of McDonald's are currently up about 2.4% today, most recently trading at $61.08.

McDonald's Corporation, together with its subsidiaries, franchises and operates McDonald's restaurants worldwide.

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