Of course Don is always under pressure as CEO to perform better than the market every year. The question is how can he deliver? Under the current market conditions, problems of Japan, debt level, inflation it has been tough situation. In hindsight, few of his expansion steps in Asia are mistakes. Being great brand name with time and better economic conditions like lower inflation, these problems can be overcome. Inflation is definitely on downward path, today’s wages inflation lowest since early 2022. This will lead to lower interest rates over next year which will boost earnings. In some countries interest and inflation rates are already down. I can see SP in $50 range over next 18 months which is even at PE of 25 you need close $2 EPS.
DMP Price at posting:
$32.21 Sentiment: Buy Disclosure: Held
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