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By Jason Stipp | 05-28-2009 10:59 AM

Why Marsico's Lovin' McDonald's

The Marsico Growth and Focus manager on why the fast food chain is his top holding.

Jason Stipp: In your portfolio, the biggest holding is McDonald's and you also have Yum! Brands and then a couple of other companies that could be considered not in the same sort of business, but businesses that tend to do well when the economy is doing not as well, Wal-Mart and Cosco. So, I wanted to get your take on those holdings and if you see them working together or if there is sort of different reasons for having them and why especially you have McDonald's with such a good opportunity?

Tom Marsico: Well, first of all there is a fundamental growth story at McDonald's and basically they are providing food in more day parts - so breakfast, lunch, dinner and late night. They have done that here first in the United States and now they are starting to do that in Europe and then they will move that to Asia and to South America. So, you have these revenue streams that keep piling up on top of each other. So, now actually in the United States, McDonald's serves more breakfast than any other restaurant chain.

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