Friday, March 29, 2024
HomeinvestingJim Chanos is betting against burger stocks because of McDonald’s resurgence

Jim Chanos is betting against burger stocks because of McDonald’s resurgence

  • Jim Chanos believes McDonald's moves to improve its restaurants and its business will hurt other burger chain companies.
  • The investor did not specify which companies he is betting against, though he did say he is not short Shake Shack.
  • Chanos is founder and managing partner of Kynikos Associates, one of the largest short selling investment firms in the world. Chanos is lauded for his prescient negative calls on Enron and Tyco.

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