Comments for PETM - Stockpickr! Your Source for Stock Ideas

Comments for PETM

Added By	Comments	Type	Date Added
barrons3	Thanks to the improved profit margins, strong cash flow and an unmatched array of products, PetSmart's stock could climb by 29% during the next year or so.	Love	July 04, 2009
barrons3	The top dog dividend last week was PetSmart, the nation's largest specialty retailer of services and products for pets. Citing "significant free cash flow," PetSmart more than tripled its quarterly common payout, to 10 cents a share. In addition, the 23-year-old Phoenix company (PETM) authorized a $350 million stock buyback, which represents 13% of its $2.6 billion market capitalization. The repurchase plan runs to January 2012. PetSmart's new dividend is payable Aug. 14 to holders of record July 31; the ex-dividend date is July 29. Disbursements were initiated in June 2003 at two cents a share and hiked to three cents in March 2004, where they sat until Tuesday. Bob Moran, PetSmart's newly installed CEO (he had been chief operating officer since 2001), said "the stability and predictability of our cash flow demonstrates the continued strength of our business," despite the shaky economy. The American Pet Products Association estimates the 2009 pet-care market at roughly $45.4 billion, up more than 165% since 1994. PetSmart plans to add about 40 stores a year (down from around 100 in the past) for the foreseeable future, says Moran, and to reinvest in existing outlets to improve same-store sales growth and gross margins. In fiscal 2010's first quarter (ended April 30), net climbed 15.6% from the level a year earlier, to 37 cents a share (analysts' consensus guess had been 30 cents), on a 9.5% sales advance, to $1.33 billion. In the quarter, PetSmart spent $3.8 million on dividends and $25 million on share repurchases.	Love	June 27, 2009
High Dividends	a 233% dividend increase and plans to repurchase $350 million of its shares, increasing its dividend to 10 cents per share from 3 cents per share beginning in the second quarter. The dividend is payable Aug. 14 to shareholders of record as of the close of business July 31.	Love	June 27, 2009
barrons3	Longview Asset Management reported ownership of 6,639,368 shares (5.2%) after buying 601,100 on May 21 at $20.32 each.	Love	June 06, 2009
barrons3	Q: What kinds of retailers are best positioned to weather this storm? Balter: The smaller the ticket, the lower the cost of the item, and the more of a necessity it is, the more likely you are going to buy it. So in my coverage area, it is [do-it-yourself auto companies] such as Advance Auto Parts (AAP), AutoZone (AZO) or O'Reilly Automotive (ORLY) because their products are required. Right behind them is PetSmart (PETM), because you are probably going to continue to feed your pet. But in terms of selling necessities, all of those trail Wal-Mart, Family Dollar Stores (FDO) and Costco Wholesale (COST).	Love	October 18, 2008
Kathy Sanchez	I have 14 pets getting some of my $ back	Love	September 17, 2008
stockerblog	PE of 16.77 and a PEG of 1.04. It pays a yield of 0.50%.	Love	August 23, 2008
DaBuckman	Bounces up/down a lot, so swinging with it.	Love	June 05, 2008
normpetersdorf	Part of my investment strategy is to "Buy what I Buy". Since I spend a ton of money at Petsmart, I figured at least it can get some back......	Love	May 24, 2008
Happyfunball	folks will always pamper their pets, especially the DINKS	Love	November 17, 2007
RitaRefugee	Capital appreciation	Love	November 05, 2007
sharanonline	petfoods is a huge industry	Love	October 27, 2007
Maxumman	Growth	Love	October 25, 2007
NgKimLoong	Win monet many times on this stock	Love	October 17, 2007
montecfo	undervalued relative to expected growth	Love	September 27, 2007
BrahmSki	petsmart big buyback and great balancesheet 8/21	Love	August 28, 2007
sarah z	Pet plays are revered and Jim cited Michael Vick's fall as a reason. America loves pet plays and PetSmart, Inc. (PETM) was the top play. The balance sheet is great with $245 million in cash and $225 million set aside for an accelerated buybacks. Rival Petco is full of debt after being taken private and most stores are likely shutting down. Jim called the stock "very right."	Love	August 23, 2007
sarah z	PetSmart recently announced a $300 million dollar buyback. Pet supplies retailer PetSmart Inc. said last Wednesday its second-quarter earnings increased 36 percent, helped by an increase in sales and the renegotiation of a contract. The stock trades for 8.5x cash flow.	Love	August 22, 2007
stockerblog	price to earnings ratio of 16.5, a price earnings to growth of 1.08, and even generates a small yield of 0.4 percent.	Love	August 16, 2007
nbrown47	retail growth	Love	July 18, 2007
radhavis	contrarian	Love	May 18, 2007
7524kes	Buy what you know and like	Love	May 08, 2007
Guest	From Forbes article 4-11-07: "PetSmart sells for 20 times estimated profits for the next 12 months and has a consensus forecast calling for 18% annualized earnings growth over the next three to five years...PetSmart enjoys strong customer loyalty and could benefit from slowing growth at rival Petco Animal Supplies, a private company."	Love	April 16, 2007
dancecon	dog revival	Love	April 16, 2007
wmckin	has growth potential	Love	April 01, 2007
OUTLAW31	CHART LOOKED GOOD AND PEOPLE SPEND ON PETS LIKE CRAZY	Love	March 20, 2007
reljacc	love of the nation for animals, people living longer with live expectancy of pets staying about the same and care more expensive - all they need is to have vets in their stores 24 hours and they will kill the market	Love	March 16, 2007
PAULBISSETT	Earnings growth	Love	March 15, 2007
joylar	every day life	Love	February 21, 2007
wildwolfsb	cramer's recommendation	Love	February 17, 2007