I looked more closely at PETM tonight after you mentioned it. Seems to me that there's nothing obvious that will move it until next Q earnings are known. Kind of in a "show me the money" stage. Doesn't appear to be any real need to rush in. (Now that I said that, it probably will zoom on open tomorrow.) What's your thinking re it moving sooner than earnings?
One thing that bothers me re PETM is that all of these big "Super Stores" tend to hit a wall after a while. It has happened with Best Buy, Home Depot, CompUSA, Egghead, etc., etc. Some recover more successfully than others, but the big gains in the stock price usually are over. Not that they can't generate a good return, just don't expect the past rates.
Also, I'm not sure I like the idea of my investment being dependent on fleas and ticks. ;) Hmmm... on second thought, who makes the flea and tick sterilization pills that are said to have hurt PETM's sales so much? |
