It's priced for some growth, but we're seeing none. This won't persist - question is when do you pull the trigger.
I thought they were there already, but Q1 numbers tell a different story. Rev up, but margins hit, so GP is essentially flat. This can't go on forever, but in the meantime it'll continue to re-price toward a lower earnings multiple.
DDR Price at posting:
$8.16 Sentiment: None Disclosure: Not Held
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