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Biotech / Medical : VCA Antech Inc.

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To: FIFO_kid2 who wrote (8)	8/24/1997 2:24:00 PM
From: Leman	of 70

from the motly fool 8/8/ 97 VCAI over PETM PETSMART INC.(Nasdaq: PETM) was sent to the doghouse this morning, falling $2 27/32 to $8 29/32 after the pet supply superstore pre-announced Q2 operating EPS of $0.02 to $0.04, below estimatesof $0.09. The company will also take a large restructuring charge to close underperforming stores and write off inventory. PETsMART is down 27% from the $12 level it hit in the second quarter before Donaldson, Lufkin & Jenrette removed the shares from its "recommended list" and the company pre-announced Q1 EPS of $0.05. The inventory adjustment that the company reported at that time became this quarter's $18 million inventory write-off. Of the long-term pet care investment stories, some investors think that PETsMART just isn't cutting it and that VETERINARY CENTERS OF AMERICA (Nasdaq: VCAI) presents the more compelling investment story.

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