Unfortunately, Dominos (with an e?) put out a very good earnings...

Unfortunately, Dominos (with an e?) put out a very good earnings report at the same time as Collins, so the retail trade excuse didn't work.

Yes, Alan, fast food should be more defensive than clothing, etc, but I guess marketeers have to put a label on a company: growth, defensive, or dividend. It clearly couldn't be a dividend stock, because the numbers would have been too poor to distribute amongst the punters. When private equity flogged MYR, they also benefited from the dividends. PEP just bolted.

UBS has downgraded their SP target from $3 to $2, which is still about 65% more than the SP is now, but UBS also organised the IPO, so it doesn't really count.

Re litigation, apparently, management of CKF are being blamed by other players. Such a shame when it could have been a simpler and cheaper float, with lower expectations. If t started out @ $2, it would have much more support. Now it moves into the realms of MYR and TLS 3, and will take some time to get the bad taste removed.