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PetSmart, Inc. Message Board

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  • fattymcbutterpants2001 fattymcbutterpants2001 Oct 10, 2001 1:18 PM Flag

    PETM in a recession

    Fatty agrees,
    Recession or no recession, Leonardo Green and Company have to make their PETC investment "pay off". By accumulating Petsmart shares, they are taking control of the company that will benefit the most from PETC's planned demise. Consolidation through attrition, it's the only way to beat those pesky anti-trust regulators and stamp out competition. Get ready to pay more for your pet supplies. It's a done deal.


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    • Fatty,

      What proof can you offer that Green is accumlating PETM? Without proof, it's just so much idle specualtion and science fiction.


    • <<It's a done deal.>>

      Done, like in Leonard Green is through buying PETM shares or that LG is committed to buying all of PETM; or something else?

      And I don't think they would raise prices and drive shoppers to the dreaded 'mass retailers'; but that's just MO.


      • 1 Reply to stink726
      • Leonard Green cannot openly take control of Petsmart, he can only buy the shares through one of his many partnerships and use a proxy to make his desires known. I feel that people who go to pet supply stores aren't shoppers. This can be proven by the incredible margins enjoyed by both chains. Sales do not diminish with price increases, the demand seems to be almost inelastic. What I find to be most compelling about these chains is how two-faced they are with their customers. They purport to be the great champions of animals, but they pretty much regard their animal inventories as being wasting assets. If a bird or hamster is sick, but treatment will be a little too expensive or time consuming, it's usually destroyed and credit received from the farm that supplied the animal. This sad reality is all washed away by the fund raising activities for the support of animal shelters. What double talk and the public just eats it up.


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