Domino's delivers! General Mills (GIS) : At $49 I'm a buyer, said Cramer. Sonic Corp. (SONC) : I'm a fan, said Cramer but the stock has been on fire. Hope for a pullback. JA Solar (JASO) : I'm not jazzed about this one at all, said Cramer.
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Source: AAP AUSTRALIAN-LISTED pizza company Domino's will spend more than $235 million to take a slice of the Japanese fast food market. Domino's Pizza Enterprises (DPE) has agreed to buy a 75 per cent stake in Domino's Pizza Japan from Bain Capital Domino Hong Kong for 12 billion yen ($A135.65 million). The company will also provide nine billion yen ($A101.74 million) of new debt funding. The move came as Domino's announced a net profit of $28.657 million for the 2012/13 financial year, an increase of more than six per cent. Domino's chief executive Don Meij said the move into Japan would expand the company's network and provide it with further growth opportunities. "The acquisition represents an exciting opportunity to leverage our proven track record of successfully growing the Domino's network to deliver shareholder value," he said. "Japan is a strategic location for DPE's future expansion, providing access to a large market which is well suited to significant new store roll-outs and the relocation of stores to higher traffic locations with improved image and formats." Domino's will fund the move by selling additional shares in the company to investors.
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The awards are based on several key factors including operational audit scores, community involvement, store safety & security and team member morale. The Gold Franny Awards were created more than 20 years ago by the International Franchise Association and designed to honor excellence among franchise owners. "Ammar's personal commitment, leadership and determination to grow his franchise made him tremendously successful in 2012," said Scott Hinshaw, Domino's executive vice president of franchise operations and development. "The idea of beginning as a driver and working your way toward fulfilling the dream of becoming an award-winning franchise owner is what Domino's is all about. In fact, 90% of Domino's franchise owners in the U.S. started as drivers or pizza makers." About Domino's Pizza Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery, with a significant business in carryout pizza.
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