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Non-Tech : PETM - Petsmart

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To: Ms. Baby Boomer who wrote (433)8/26/1997 12:10:00 PM
From: Tom Klempay   of 1508
 
To all,

The CC is just finished. Didn't really catch much the last 15 minutes (sorry) during the Q&A.

Some things heard in the background and my random thoughts:
- Heard questions from analysts from Montgomery Sec, AG Edwards, and DLJ.
- Analyst questions dealt with margins going forward and their pricing strategy. I thought I heard that gross margins would be 27% for '98.
- The guy from DLJ seemed to like PETM (IMO).
- Sam Parker sounded like a very knowledgable and confident CEO (once again, IMO)
- PETM is upgrading MIS systems over the next 2-3 years; kind of an ongoing project to make sure they stay current

Now, lets see if those analysts are calling the home office and telling people to BUY!!!!

-tk
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