"A STANDARD RETAILER FACING STRONG CONSUMER HEADWINDS.OVER PRICED."
But where is the evidence that the "strong consumer headwind" is huring them? They seem to be weathering the storm just fine. In a time when just about every other retailer is putting up negative comp store numbers and a number of large players have ceased to exist PETM has gone out and put up 2 consecutive quarters of growth. Granted it will be even more telling if they can keep putting up that growth but at this point when the economic storm has nailed just about everyone else it may be worth asking how is it they can keep outperforming the retail sector as well as the analyst expectations. Right now they seem to be performing just a little better than the "standard".