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

To: muleskinner who wrote (1290)	9/8/1998 8:35:00 AM
From: SIer formerly known as Joe B.	Respond to of 1508

Where do you expect growth to come from? Same stores? International? Domestic? I just don't see it. Someone please enlighten me.

To: muleskinner who wrote (1290)	9/8/1998 10:59:00 AM
From: Earthdog	Read Replies (1) \| Respond to of 1508

muleskinner, I don't get it. What investor would stay with a company they don't have confidence in? If they've already lost money and they don't have confidence in the company, why lose more? Cut your losses and get out. Don't stay in for more punishment. That's been my trading strategy anyways. If, on the other hand, the investor has good enough reason to believe that his/her paper loss is temporary then hold on. I see the company moving forward. They're making the right moves in closing unprofitable stores and opening new stores with better prospects. They're cutting costs and trying more cost effective ways at reaching customers. The new CFO has his job cut out for him. He's got something to prove. He NEEDS to show improvement in their financials. That's his job. That's why he was hired. Everytime I've seen a new CFO come into office there has been improvement. At least for the first few years. That's why I'm holding for now. I'd like to see what he can really do in a few quarters. Earthdog