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


To: Ken W who wrote (1478)7/14/2000 10:37:51 AM
From: Bruce L  Read Replies (1) | Respond to of 1508
 
PETM acting very well this morning: Up 3/16 to 4 - 4 1/16 on 468,000 shares traded as 0f 10:23 AM (EST). It broke through another resistance point (3 3/4) almost effortlessly.

Someone recently asked what catalyst might take this stock back above 10. Yesterday, I visited a PETM store in Reno ( vacationing at Lake Tahoe) and have some thoughts. At 10:00 AM there were 3 groomers in the store and all of them were busy with their grooming work. Also, there was a vet's office within the store and there were people lined up waiting for the vet's 10AM opening. This was the first store I've seen with a vet.

These observations may not be typical for PETM stores generally, but it occurred to me that these special services -if they catch on - could give PETM a significant market advantage that could boost the stock price. I've been aware for more than a year that these services were going to be offered, but have never seen them in operation before.

Bruce