The Globe and Mail reports in its Tuesday edition that GlobeInvest Capital money manager Christine Poole says she is buying McDonald's. The Globe's Brenda Bouw writes that GlobeInvest oversees about $280-million (U.S.) in assets. McDonald's is a stock Ms. Poole added for the first time earlier this month. She says it has been on her radar for a while. GlobeInvest bought shares at $245 (U.S.) during a pullback. The fast-food sector is focused on providing value for consumers hit by rising inflation. Given its scale, Ms. Poole think McDonald's is probably best positioned to do that. It has more than 41,000 restaurants worldwide and a goal to reach 50,000 by the end of 2027. Also, 95 per cent of its restaurants are franchised, which is a very profitable business model because it means McDonald's receives royalties. It also owns a lot of the real estate its restaurants sit on, which is very profitable. Rent accounts for about 39 per cent of its revenue. As a result, Ms. Poole thinks its income stream is very defensive. While she considers McDonald's to be a growth stock, it also has a decent yield of 2.7 per cent and a lot of cash flow, enabling the company to increase its dividend for the past 47 consecutive years.