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Non-Tech : PETM - Petsmart -- Ignore unavailable to you. Want to Upgrade?


To: SIer formerly known as Joe B. who wrote (1382)8/12/1999 10:01:00 AM
From: Tom Klempay  Respond to of 1508
 
PETM downgraded today:

(REUTERS) RESEARCH ALERT - Petsmart <PETM.O> cut
RESEARCH ALERT - Petsmart <PETM.O> cut

NEW YORK, Aug 12 (Reuters) - Deutsche Bank Alex Brown said Thursday it cut Petsmart Inc. <PETM.O> to a market perform from a buy rating.
-- Further details were not immediately available.


After hearing the news of Iams being bought, PETM loses a competitive advantage since P&G can place Iams in every supermarket in the US. I don't recall seeing Iams in the local grocers before (but I could be wrong).

PETM down in the mid-5 range. It's getting close...

-tk



To: SIer formerly known as Joe B. who wrote (1382)8/12/1999 11:37:00 AM
From: Tom Klempay  Read Replies (1) | Respond to of 1508
 
It's cracked 5, 4 15/16 to be official. Can it break below the 52-wk low of 4 3/4???

-tk