Question: I’m well overweight in Dominos [DMP] – should I panic?Â
Answer (By Paul Rickard): I am a little in 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.
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