Below is a brief note from CEO Keith McCullough on why we're adding Domino's Pizza (DPZ) back to the short side of Investing Ideas today:
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"With yet another dip that should have been bought in the 2017 rear-view mirror… and the US stock market at all-time #overbought highs… I'm looking to put more of our Best Idea Shorts back on. One of those remains Domino's Pizza (DPZ). Here's an important excerpt from a recent Institutional Research note Howard Penney published on the name: "We think DPZ sales trends have slowed in 4Q17. While this is a negative data point for the company, understanding what the implications are for the delivery segment should be a big concern for shareholders. Breaking down the DPZ retail sales trends between Delivery and Carryout/dine-in shines a light on some disturbing trends for the DPZ delivery business." Sell on green, |
CLICK HERE to read Penney's original stock report on the company.
