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Political Notebook: Club for Growth Action puts money into 1st District Republican race

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06/17/2018 | 04:47pm CEST

The independent expenditure arm of Club for Growth Action has shaken up the 1st Congressional District Republican primary.

Club for Growth Action has spent $270,000 this month on ads attacking businessman and presumed front-runner Kevin Hern, presumably to benefit Club for Growth Action's candidate, Andy Coleman.

Club for Growth Action is also paying for an anti-Hern website.

The ads and the website accuse Hern of being "deceptively liberal" because, as a McDonald's franchise owner, he donated to a corporate political action committee that contributed to congressional Democrats.

According to the tracking service OpenSecrets.org, the McDonald's Corp. PAC contributes to candidates of both parties, with Republicans getting more than Democrats.

Hern, a regular donor to Republicans and the state party, has received the maximum - $10,000 - from the McDonald's PAC during the current cycle.

Hern responded to the ads by directly attacking Coleman, who protested that he has no control over the Club for Growth Action campaign. Hern also issued a statement noting Club for Growth Action spent $7 million to keep Donald Trump out of the White House in 2016.

Federal law prohibits coordination of independent expenditures such as Club for Growth Action's with candidate campaigns.

Education funding: The way the teacher pay increases were handled legislatively has allowed some incumbents to take credit for voting to raise teacher pay even though they voted against the revenue to fund the raises.

The revised teacher pay scale was in one bill (which passed with very little dissent) but the funding was in another that some budget hawks opposed.

Campaigns and elections: Congressman Rod Blum of Iowa endorsed Coleman.

The Oklahoma Farm Bureau announced its opposition to State Question 788.

The Oklahoma Education Association endorsed Tim Gilpin in the 1st Congressional District Democratic primary.

The Tulsa Firefighters Political Action Committee endorsed Republican Glen Mulready for insurance commissioner.

State Auditor and Inspector Gary Jones endorsed Cindy Byrd as his successor. Byrd is currently deputy state auditor and has spent 21 years with the office.

Veterans advocate Ed Pulido endorsed Republican Cathy Costello for labor commissioner.

The Oklahoma Public Employees Association endorsed Louise Redcorn in the House District 36 Republican primary.

Meetings and events: Tuesday is going to be very busy for those in the Tulsa area with an interest in politics, and Republicans in particular.

Rafael Cruz, father of Texas Sen. Ted Cruz, headlines a rally for Hern Tuesday at the Home Builders Association, 11545 E. 43rd St., at 6 p.m.

Also at 6 p.m. on Tuesday, the Tulsa Area Republican Assembly will have its endorsement convention at Golden Corral, 9711 E. 71st St., and the League of Women Voters is hosting a candidate forum for House District 79 at the Union Collegiate Academy, 6636 S. Mingo Road.

HD 79 has both Republican and Democratic primaries on June 26.

On Tuesday at 6:30 p.m., the Tulsa County Republican Party will conduct a straw poll in connection with its county committee meeting at the Charles Schusterman Jewish Community Center, 2021 E. 71st St. Voter identification is required.

LWV is also hosting an HD 77 forum at 6 p.m. Wednesday at the Transport Workers Union Hall, 11945 E. Pine St.

Candidates for Tulsa County district attorney will speak to the Tulsa Regional Chamber at 5:30 p.m. Wednesday in the Chamber's St. Francis Health Systems Room, One W. Third Street.

Attorney general candidate Mark Myles will speak to the Creek County Democratic Party at 6 p.m. Thursday at Freddie's Bar-B-Que and Steakhouse, 1425 New Sapulpa Road, Sapulpa. The meeting has been moved from the Bristow Community Center.

Bottom lines: U.S. Sen. Jim Inhofe told an audience in Muskogee he will intervene to stop a U.S. 69 bypass, according to the Muskogee Phoenix. ... The state Board of Equalization will meet Monday to revise revenue projections caused by changes to the law from this year's legislative sessions.

© Copyright (c) 2018 Tulsa World. World Publishing Co., source Newspapers

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Financials ($)
Sales 2018 21 215 M
EBIT 2018 9 163 M
Net income 2018 6 025 M
Debt 2018 28 814 M
Yield 2018 2,47%
P/E ratio 2018 21,81
P/E ratio 2019 20,14
EV / Sales 2018 7,52x
EV / Sales 2019 7,63x
Capitalization 131 B
Duration : Period :
McDonald's Corporation Technical Analysis Chart | MCD | US5801351017 | 4-Traders
Technical analysis trends MCDONALD'S CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 187 $
Spread / Average Target 12%
EPS Revisions
Stephen J. Easterbrook President, Chief Executive Officer & Director
Enrique Hernandez Non-Executive Chairman
James R. Sappington Executive VP-Operations & Technology Systems
Kevin M. Ozan Chief Financial Officer & Executive Vice President
Robert A. Eckert Independent Director
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