According to Wallstnation.com, “Domino’s Pizza, Inc. (NYSE:DPZ) shares have taken a beating since Oct 13th and despite the company’s profit of 17 cents per share that was two cents better than analysts expected, the selling continues? Hungry for Pizza yet?”
“On Oct 13th, Domino’s (DPZ) posted Q3 revenue of $302.7 million which was short of consensus estimates of $308.9 million. Same-restaurant sales were flat in the U.S., although they were up 2.7% internationally. With top-line results softer than expected, the pizza chain cited lower interest expense and tighter cost controls for the robust bottom-line results.”
OVERDONE
“The Nation believes the recent selloff of Domino’s shares is overdone, like a Domino’s pizza that is more than 30 minutes late. Take it easy, you’ll still get your pizza, and its free.” Â
“Thanks to those of us waiting in the wings, we can pick up shares of DPZ after a 15% fall and focus on the latest positive quarter. Domino’s shares deserve a look at this point, sure they could get cheaper, but at some point big buyers may take advantage of a decent and profitable house-hold-name company that is trading 8% below its 200 moving day average.”
