It’s one thing for investors to ignore a company’s earnings beat on a day like today, but to hand it a worse percentage decline than the averages? That would make Cramer wonder if he’d missed a glaring problem in the stock.
Because at first glance, Domino’s Pizza looks like it’s firing on all cylinders. The company’s quarter, reported on Tuesday, not only beat the Street’s earnings expectations, but profits were up 75% over the year before. Revenues were up, too, and more than analysts predicted, while domestic and international same-store sales were strong. But still DPZ took a 13% haircut on a day when the Dow was down just 2%.
So what’s wrong here? Watch the video for more from Cramer on that. And check out his interview with Domino’s CEO Patrick Doyle. The Mad Money host wanted to find out if investors were getting a great sale on this stock or if there was something genuinely wrong with this company.
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