WSJ – Larry Robbins of Glenview Capital Management LLC has built a “small position” in McDonald’s Corp. and suggested ways the hamburger chain’s new chief executive could boost its underperforming stock price.
At an investor conference Thursday, Mr. Robbins raised the possibility that the company could franchise more of its restaurants or separate its real estate into a publicly traded investment trust. He suggested investors could value those parts more highly, an argument that many companies and shareholder activists have made in seeking to break up companies lately.
