How long have you held the stock?
We took a position in DMP at the end of 2011.
What do you like about it?
We like that it is a store roll-out model. It has a proven recipe for success in marketing quick, fresh pizza and has successfully achieved this through technology. DMP has proven to be a quality franchise and its predictable earnings stream gives us high conviction when allocating capital.
How is it better than its competitors?
DMP has been better than its competitors in its ability to listen to their customers and adapt to changing consumer needs and tastes. DMP has been able to successfully adapt its menu to changing nutritional requirements, changing consumer tastes, and changing social norms including the way in which we order and receive food.