Huge 807,000 shares changed hand this morning, making all the downward movement very interesting. I think insider and institutional ownership is 80%+/- now. Looking forward this negative sentiment has to change purely on FCST figures for next 3 years, showing reasonable increases in EPS. These numbers are based on small increases on store count and same store sales. Not based on management forecast of 7100 stores by 2031. If they were to achieve anything closer to that number share price will be around $100. IMO best growth potential is in Germany. Next two will be France and Japan, two markets in bit of trouble. If DMP steadies the ship in these two markets, I will be in the MS camp than GS. Upto now GS has been on the correct side, doesn’t mean for ever.
DMP Price at posting:
$37.01 Sentiment: Buy Disclosure: Held
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