Pinned straw:
Domino's is down 15% on news that the new CEO is stepping down after only 8 months. That means it's down 90% from it's Sep 2021 peak and down 75% over the last 5 years. Always have to be wary of catching a falling knife, and it's outside my wheelhouse, but it's still profitable and I'm sure there is a good business in there somewhere.
When does it become good value? Maybe when it halves again.
When
When the people with the most inside information can't stay a year that's got to be a massive red flag for any company.
I just read the announcement.. what a shambles.. The new CFO hasn't even started yet.
For me personally, I don't actually like their product, I'll pretty much order from any other Pizza place, which creates a personal bias that I then find it very difficult to get excited about a potential investment opportunity.
But, like their product, at some price..... it has to be value for money.
The balance sheet holds a decent amount of risk for a struggling company.
JM