PETC -- the Home Depot for pets? Message Board

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Non-Tech : PETC -- the Home Depot for pets?

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To: grasshopper who wrote (10)	3/3/1998 4:31:00 PM
From: Qualopec	Read Replies (1) of 36

I got in at 15.375 today after watching the strong rebound continue on large volume (~6 x average). I should have moved faster! PETC passes the Beardstown Ladies test in that the parking lot is always full on weekends at the one by my house. Let's hope they keep their books better than the Beardstown Ladies, though. :-) I'm ready to hold PETC for a few years and watch the company expand. In general, I love buying stocks that have dipped due to charges from an acquisition or expansion. I don't know how you could screen for these candidates, but PETC fits this bill, and another good example is Quiksilver (QUIK), which dropped 30% in a day back in November, when it announced an earnings hit due to -- get this -- the cost of building two new factories! It bounced back over 20% by January. Gee, expansion is a real reason to bail out of a stock -- NOT! Only short-term traders would view that as a negative. Finally, with many people fearing the end of the 90's economic boom, it's nice to know that PETC may well be recession-proof. As Peter Lynch wrote in "Beating the Street", people don't buy less pet food in a recession. Justin

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