Good FY16 result, page-119

Punters still willing to pay $80/share really should do some research outside of what DMP releases (engineers financially) and those recommendations from brokers with massive vested interests !

"Domino’s Pizza Enterprises, one of the highest priced retail stocks on the sharemarket, could face a 24 per cent slump in profitability for its flagship Australian operations if the food chain is forced into paying weekend and after-hour penalty rates for its pizza makers, a report from Deutsche Bank has warned"

“The Fair Work Commission recently nullified Coles’ enterprise agreement on the basis that it did not include sufficient penalty rates to leave all employees better off overall than the relevant award. This prompted us to review enterprise agreements across the consumer space which highlighted Domino’s as the business most susceptible to higher wage costs."

http://www.theaustralian.com.au/bus...s/news-story/71eeeed5a6426b8f11df3ec406234a04

If you ask around, the wage increase is actually much more drastic as plenty of staff work for free, not even minimum awards. This report is based on purely meeting award rates, it doesn't take into account all those unpaid hours. The second this gets traction like 7/11 and others, snowball effect

Couple this with the potential franchisee unrest, the precision tracks dispute and Eagle Boys being revived out of the depths ...

It should not be priced for indefinite growth and no hiccups, which a PE of 75 most certainly implies - nothing but smooth sailing being priced in at the moment