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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Cary C who wrote (1489)	3/6/1998 1:08:00 PM
From: H.A.H.	Respond to of 29382

Thank you very much for the warmth welcome. Regarding Petco (PETC), I was hoping that the amigos can help me with the analysis. Just like you, I also like the bullishness of the company. Expecting a 30% growth in 1998 and they are planning to open more stores nationwide. This expansion however might present them with fluctuate quarter earnings. Maybe this is the reason for the downgrades. So far, the management seemed to be very responsible and doing well. Furthermore, PETC falls into category where their retail products are in demand all seasons. So far, all the Petco stores in my area are always full, and seemed to be very busy. The price drop might be the result of oversold. The trade volume seemed to have dried up in the last few days. The 1998 Street's EPS is $0.87 to $0.88. If they do the 30% growth on that figure, it will make this stock undervalued. Hopefully, the street can recognize the potential of this little puppy. I am off for a little vacation so please have a good week. Happy Trading.