I Just Bought A New Stock

In episode 232 we discuss why I just bought into this brand new stock to the Passive Income account.

Have a question for me?
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[JosephCarlsonShow]

Welcome back! Hope you enjoy some good old fashioned DD.

I'm getting Pizza tonight.

[Fatalinvesting]

Joseph a couple days ago I reached my first 100k in my portfolio

[RajJawa]

Joseph: "a 8 to 10 dollar pizza can feed a family of 5"

Me who eats a large Dominos pizza myself: 👀 👄 🍕

[FinancialFutureGuideAlexCourt]

The first Costco store is opening in New Zealand soon. The line to get a membership is at least an hour long, all day, every day. They haven't even started building the warehouse. Unbelievable their brand has this much power even down here in NZ. Love your work Joseph - keep it up.

[chickentacos]

I used to order pizza A LOT! But now I keep it stocked in the freezer because store bought pizza has really come a long way in the last few years and with the shortage of workers it is way faster and cheaper for me.

[gagnepaingilly]

Every time my portfolio was deep in the red I would get comfort from Joseph dropping a new video. Helped me hang on and buy the dip. Thanks brother

[Toreri]

Thanks Joseph for the interesting take on this company. Personally I'm staying away from this one due to a number of red flags. The correlation between their interest rates and net income is quite poor. Currently they spend close to 40% of net income on interest payments which is just below an adequate ratio. What's more worrying is that a 1% increase in interest rates will reduce their net income by 10%. In an environment with rates increasing this will quickly impact their earnings. Further, their dividend to FCF ratio might be 27%, but their buyback to FCF ratio is well above 100%. Basically they are loading up on debt to fund these buybacks and dividend payments, and I don't see that continuing in perpetuity. This also distorts the EPS growth number as they use borrowed money to reduce the share count. Debt is growing at 13% p.a while operating income is growing at 9% p.a indicating they will continue to leverage up. Share holder equity is also negative by 4B, while bond holders would be happy to see 30 cents on the dollar in liquidation. Overall poor interest coverage ratio and insufficient assets to cover principal. I'd be worried as both stock and bond holder + it sours my view of management when they run a company like this. Anyway... my two cents and won't claim to be right... :) Good luck!

[bobbygunz]

Excited for Tesla's future
Should I buy before split or after split? Too hard to decide. I‘ll do both.

[davidvanengen]

I had a feeling you were going to buy Dominos after Bill Ackman sold out of Starbucks to buy it

[emmanuelfordjour]

Thank you Joseph…I started my Div Portfolio Sept 2020 with just $200. I found your page after that and since then I have been a student of yours, rebalanced the portfolio after watching your teachings. My account sits at $32k in just under 2 years. I have $200 weekly deposits into it. Thank you 🙏🏽 and I appreciate your teachings. My goals for the year end for this portfolio is $50k+.

[investingwithjeffyt]

I'm going to be waiting to see if there really is a massive wheat shortage before investing. Depending on how long the war drags on we may be looking at crazy wheat shortages for a pretty long time.

[oliverneut]

Take a look at ASML! Wide moat, amazing company overall with such a bright future.

[LockeLeviathan]

This is why you shouldn't go shopping when you are hungry.

[DennisFinancialDoctor]

Can we have an update on DPZ post-earnings? Thanks!

[jakebosworth]

Joseph, another thing that adds value to their business model is that while they don't need to rely on DoorDash and Uber eats, they utilize those companies in addition to their core delivery infrastructure, which gives them flexibility in their delivery optimization attempts

[pfuiteufel]

I really appreciate your elaborate opinion.
But I don't understand that move at all.
Too much debt and too expensive for my personal taste.
Nevertheless thanks for your transparency and thoughts.

[JackDuffley]

Domino's getting close to Bill Ackman's initial buy price 🔍

[SR-vkfv]

“Little Caesar’s, Dominos, Pizza Hut, those are their competitors” great video Joe, get some sleep!

[FreelancerFinance]

P/E ratio of 30 for pizza? Fwd is 29 not exactly a value play here. I wish you well in this buy.

[casualviewer]

I’m a delivery driver for Dominos and I love it! I’m making between 1000-1200 a week in tips alone. My wife and I are able to go on trips once every couple months while also saving substantially towards our early retirement