PETM ==> The Training Camp Winner

[mrmarket]

Nice earnings beat today, which has moved the stock price to around 75. Even if they explore a sale, at these levels I should reach my target as I doubt they would sell for less than a 10% premium on the stock price.

[jiesen]

... and we're up $5 yesterday to $78! You may be right, and we'll see 82 out of this one yet. I am still tempted to take my 12% when it hits 80 though, just to be safe from a buyout price of $76 or so, or from the deal falling apart. But let's see how it goes today!

[billyjoe]

There's a tremendous markup on doggy toys and treats. As long as the stores are in business and people are shopping PETM will be a moneymaker. Pet owners will spend more on fido than on their blood kin.

-----------------billy

[mrmarket]

You sees?

http://www.stockhouse.com/news/press-releases/2014/12/14/consortium-led-by-bc-partners-to-acquire-petsmart-for-83-00-per-share-in-cash

[jiesen]

Buyout at $2 over your target price! Niiiice one, $$MM!!! Can't wait to cash in on PETM!