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  "documentTitle": "McDonald's Corporation (MCD)",
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  "authorName": "William Ackman",
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  "presentationDate": "2005-11-15 00:00:00",
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      "text": "(1) Based on Wall Street research estimates. Pro Forma McDonald's EV assumes a valuation multiple of 13x EV/FY'06 EBITDA. (2) Assumes an average 5% fixed rate on PF McDonald's debt.",
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      "kind": "title",
      "text": "Comparing PF McDonald's Credit Stats with Comparable Real Estate Holding C-Corporations",
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