Dan David Of GeoInvesting Is Bearish On Domino's Pizza
Dan David of GeoInvesting revealed his reasons for his bearish view on Domino's Pizza, Inc. (NYSE: 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.
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