Domino's Pizza - Time for a Look
Submitted by theStockMasters... on Mon, 11/02/2009 - 00:15
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Domino's Pizza, Inc. (NYSE:DPZ) shares have taken a beating since Oct 13th (down 22%) 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?
(WallStNation.com) 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.
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