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To: Norm Demers who wrote (13925)1/3/2000 1:30:00 PM
From: Dale BakerRespond to of 118717
 
PETM - still have half my May 5 calls from 1/2. I see the stock close to 10 by expiration.



To: Norm Demers who wrote (13925)1/3/2000 1:53:00 PM
From: LaszloRead Replies (2) | Respond to of 118717
 
"Anybody like PETM now ?"

I took a look at it and fundamentally it looks pretty weak to me. Revenue is on a steady decline since peaking about a year ago, and it looks like they're losing money.

It's trading at twice book value now, the float is fairly high, and they have a lot of debt. It might make a technical recovery, but I wouldn't touch it myself. Good luck on it.

Besides, I heard a long time ago that PETM contributes a portion of their profit to PETA, and as an avid sportsman I'm fundamentally opposed to animal rights. I will not support the company in any way. I have never bee in the local store, and I won't patronize it for that reason. Please let me know if my information is bad.

Take a look at PMCO and let me know what you think. Steadily increasing revenue and earnings. The company looks solid, but it's trading under $3, well below book value.

Laszlo