Dominos – Time to Panic?

I’m well overweight in Dominos [DMP] – should I panic?

 

A: Thanks for the question about Dominos.

I am a little two minds. If you look at the broker analysts, they are largely ok with the stock (2 buys, 4 neutrals, 2 sells). The consensus target price of $48.44 is well above the current market price (broker range is low of $36.00 to high of $60.00).

But the short sellers are very active, market sentiment has turned sour – and these factors worry me.

If I was well overweight, I guess I would take a little medicine and get back towards a comfortable weight.

Hope this helps

Regards


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