Patient investors are always hunting for deals on high-performing stocks. These discounts usually occur when Wall Street is focused on a business' short-term challenges to the exclusion of its much brighter long-term outlook.

You might recognize that value-seeking approach as the basis for the Dogs of the Dow investment strategy that concentrates on underperforming dividend stocks in the Dow Jones Industrial Average. The 1% uptick that investors have seen with McDonald's (NYSE: MCD) stock this year hasn't pushed McDonald's dividend high enough to make it one of these "dogs." But those returns do put the stock below the Dow's gains through mid-November.

This discount is one of several good reasons to consider buying McDonald's stock now with an eye toward holding it for many years to come.

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Source Fool.com