Potential for consistent incremental growth is laid out again with the presentation and nothing new. What is new is there is a whimper of steadiness in French market. Over last 15 years they have grown the business in Europe more than doubling through acquisitions. Now that all the infrastructure are set up , there is no reason to believe they will do well in the future. Brand is doing extremely well in the global market, just look at USA. The other point I like to make DMP doesn’t have achieve 7000 or so store count to push share price. I reckon just 700 additional stores and 2-3% same store sales increase over next 5 years of 2-3% with a steady inflation can take EPS to $3.25 -3.50 range. As soon as investors accept these facts share price should start moving up to at least $50+.
DMP Price at posting:
$37.57 Sentiment: Buy Disclosure: Held
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