Dominos Pizza - should you follow Nigel Wray and sell?

I wrote positively towards the end of last month on then just released 2012 results from Domino’s Pizza Group (DOM) – commenting that “as a core mid cap growth and income holding the company continues not to put a foot wrong and at 525p the shares remain undervalued”. However, a couple of days later the company announced significant share sales by non-executive Chairman, Stephen Hemsley, and non-executive director Nigel Wray. Despite this the shares are now 573p. So should you follow Hemsley and my old friend Wray and sell a few?

Read the full article