Central Garden & Pet Co. (Nasdaq : CENT) Message Board

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Non-Tech : Central Garden & Pet Co. (Nasdaq : CENT)

CENT 31.95

-0.6%

Jan 2 9:30 AM EST

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To: David K. who wrote (26)	7/12/1999 5:54:00 PM
From: Dale Stempson	of 73

David, I think it's safe to say the majority of CENT's stock price erosion over the last year was due to the uncertainty surrounding the future of the Scott's deal. During these long negotiations, I suspect that management had to take a somewhat closed-mouth stance towards revealing the specifics of what they might do if the program were to change significantly. Now that the cat is out of the bag, I'm hoping to hear more about future direction. Regardless of their past and future partnership, I think it's worth pointing out that these two companies are also competitors. This was likely a factor in the negotiations. So, where to now? ...well, perhaps the caution light has changed to green and management will pursue acquisitions and product developments which are very competitive with Scott's products. In any case, I think CENT still represents good value here. There will be the reorganization and the one-time charges, but when the dust settles, we'll have a billion dollar plus company with good earnings and perhaps better margins than we've seen in recent times. Regards - Dale

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