Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Central Garden & Pet Co. (Nasdaq : CENT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (29)	7/12/1999 7:08:00 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 73

RE: >>> What happened in early '98 to start the stock's descent? <<< CENT's largest supplier was Solaris. In early '98, Monsanto decided it wanted to sell Solaris. In late June '98, Monsanto sold Solaris to Scotts. As a result, CENT needed to renegotiate a new deal with Scotts before the existing agreement expired in September '99. The ownership change created significant fear that Scotts would take some or all the Solaris business direct. The stock reacted and steadily drifted lower while the shorts refused to take any prisoners along the way. The news we're reading today is the long awaited result of those renegotiations. Perhaps we'll soon see if the "sell the bummer rumor, buy the bummer news" theory proves correct. I think it will. Regards - Dale