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PetSmart, Inc. Message Board

  • stink726 stink726 Sep 1, 2000 1:56 PM Flag

    Re-calcs show $9.00 value -

    The old saying goes 'there are 3 kinds of
    statistics; etc.'. But then there are Stink's statistics.
    Applying Petco's past figures to Petsmart makes it look
    like $9.00 is a more 'fair' price today; IF a LBO was
    launched.

    Petco was in an $11 price range [roughly] for 2 months
    when it began a 10 day ease up towards $15 and the
    buyout was announced. That is 'roughly' a 35% ease
    upwards in share price.

    So let's pretend that
    PETM stays in a $4.50 range for 6-8 weeks. Then apply
    the 'rough' 36% price ease-up and I get about $6.00.
    Then apply the 47% buyout premium and I get around
    $9.00!! Would I sell for a $9.00 offer in the next 2
    months? In a minute!

    Hey, it's just a guess,
    theory, pure speculation and/or wishfull thinking on my
    part. It's been a boring summer.

    Stink.

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PETM
70.09+0.75(+1.08%)Jul 23 4:00 PMEDT

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