Cowen believes McDonald’s digital ordering upgrades will drive the fast-food chain’s sales higher.
McDonald’s shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants.
Cowen raised its rating on McDonald’s shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain’s restaurants this year.
McDonald’s shares rallied 26 percent this year through Monday compared to the S&P 500’s 10 percent return.
Andrew Charles from Cowen cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. The technology upgrades, part of what McDonald’s calls “Experience of the Future,” includes digital ordering kiosks that will be offered in 2,500 restaurants by the end of the year and table delivery.
“MCD is cultivating a digital platform through mobile ordering and Experience of the Future (EOTF), an in-store technological overhaul most conspicuous through kiosk ordering and table delivery,” Charles wrote in a note to clients Tuesday. “Our analysis suggests efforts should bear fruit in 2018 with a combined 130 bps [basis points] contribution to U.S. comps [comparable sales].” Read the rest of this entry »
Katherine Rodriguez reports: Lacey Sponsler, 34, allegedly exposed herself in front of students in the junior choir room of Pawhuska High School in Pawhuska after she did a cartwheel in front of students wearing a long dress without undergarments, KOTV reported.
A 17-year-old female student told police that Sponsler announced to the class that she was not wearing any underwear before she performed the cartwheel, talked about using drugs, and said that “14-year-old boys were like men,” Newser reported.
The student also told police that she saw Sponsler’s vagina “open and close, as her legs were in the air.”
A student reportedly captured a Snapchat video of the incident, which police got a hold of and prompted police to arrest Sponsler. Read the rest of this entry »
The money shot.
UPDATE: Boy-Crazy Tacoma Math Teacher Meredith Powell: FORTH Student Comes Forward to Allege Sexual MisconductPosted: April 5, 2014
According to the updated charging documents, Powell engaged in a sexual act with a then-17-year-old student in her classroom after he expressed a desire to raise his math grade.
“…he needed help getting his grade up and she asked what he would want to do. He said he would do anything. ‘You’ll do anything?’ …and reached over and unzipped his pants…”
TACOMA, Wash. — KOMO News‘s Michael Harthorne reports: A fourth student has come forward alleging sexual abuse at the hands of a 24-year-old former math teacher at Lincoln High School, according to new charges filed Thursday with Pierce County Superior Court.
Meredith Powell was arrested in February and charged with two counts of child rape and one count of communication with a minor for immoral purposes. According to the original charges, Powell engaged in sexual activity — often in her classroom — with three students between the ages of 15 and 17 and sent inappropriate text messages and photos. Powell’s alleged misconduct came to light when she wrote a letter apologizing to the girlfriend of one of the abused students, according to the charging documents. [NSFW Powell court document detailing confessed abuse] She now faces a fourth charge, sexual misconduct with a minor. According to the updated charging documents, Powell engaged in a sexual act with a then-17-year-old student in her classroom after he expressed a desire to raise his math grade. [The girlfriend letter: “Obviously nothing physical or emotional ever happened between (the boy) and I, nor would it ever…”]
Robert Stacy McCain writes: A 24-year-old Lincoln High School math teacher was charged Thursday with “two counts of third-degree child rape and communication with a minor for immoral purposes via electronic communication,” and on Friday she pleaded not guilty:
Meredith Powell performed oral sex on a 15-year-old student in her Tacoma classroom last month and sent him nude photos of herself taking a bath using the application Snapchat.
Documents said she also admitted to exchanging inappropriate texts with and having sexual contact with a second student, 16, during a Jan. 17 assembly in which they stayed behind and met in her classroom. A third student, age 17, who was in her class during a prior year said he and Powell exchanged sexual text messages but did not have sexual contact.
According to an arrest affidavit, however, Meredith Powell admitted her crimes to Tacoma Police detectives:
On February 6, 2014, detective interviewed the victims. [He] disclosed the following: The day of the MLK assembly [Jan. 17, the boy] went to the defendant’s classroom. They kissed, he touched her breasts, and she touched his chest under his shirt. [The boy] then digitally penetrated her vagina. On the day of the assembly, [the boy] sent her a text asking if she wanted to stay behind and she agreed to.