Ann: Trading Update, page-94

Not sure about "balance sheet strong". I might be missing something. To me, if you look at Dominos assets, liabilities and NTA it is not a pretty picture and probably not a pizza shop I would be buying into particularly with the likely headwinds with the economies Dominos is operating in. I'm thinking too much debt, fixed and variable costs are likely to keep increasing. Dominos under Don Meij have been a fantastic Aussie success story for years. But with what's happening around the economic and geopolitical front have they bitten off a little too much. They will probably need to keep chewing very fast. Only my thoughts of course.