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Non-Tech : PETM - Petsmart

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To: Anthony Wong who wrote (1334)11/19/1998 9:23:00 PM
From: EL KABONG!!!  Read Replies (1) of 1508
 
Anthony,

Word around Phoenix is that PETM is entering the time of year where they make most of their money on the high margin, non-food items. Watch for PETM monthly numbers releases. Pay close attention to month to prior year numbers. If PETM has a good Christmas showing, then that should be sufficient to at least sustain the current price, if not give it a little boost. However, should same store comparisons to last year drop, or should overall revenues drop, then look for PETM to nosedive to the $5 to $7 range and be stuck there for quite some time. The same could be said for PETM's chief competitor, PETC.

KJC
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