Yeah... I feel a little dirty saying that there is positive odds of it going into the 40s from here. But I have seen the price go hard as shorts try to exit so I can't discount the chance of something like that happening again in the shortterm. But longer term this has to be heading sub $20.
I was looking through the job advertisements of Dominos today. I can't find a single corporate role being advertised. I think there are around 400 store based roles looking to be filled. If the current corporate staff are being retained from the $150 days then they are a growth/expansion oriented crew. The mentality of that crew may not be suitable for the current sobre mood at corporate HQ. In fact, some staff may simply be ill equipped to face the current reality. Yet, there is no sign that corporate are seeking to hire competent people who can handle current reality. This is a big red flag to me.
DMP Price at posting:
$30.10 Sentiment: None Disclosure: Not Held
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