Dan David of GeoInvesting revealed his reasons for his bearish view on Domino's Pizza, Inc. DPZ on CNBC's Closing Bell
He has a short position in the name and he feels that its big debt, low free cash flow yield, expectations of rising interest environment and moving headwinds with wage increases and increases of cheese and oil price should hurt the stock. The company has borrowed money at low interest rates to buy back shares at high price to earnings levels and he doesn't like that strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in