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  • wtss30 wtss30 Aug 8, 2012 12:51 PM Flag

    Ownership and creativity

    As a long time PETS long, there are two things that concerned me:
    Lack of ownership from top management - % of Shares Held by All Insider and 5% Owners is only 3% and our CEO and president is not a major holder of the company anymore (check Form 3 & 4). Why?
    No creativity on growing the business - Any news or plan on how to expand or beat the competitions recently?
    Short interest is high - I am afraid someone knows (28.1% as of today) something that we do not know.
    Do not take me wrong - it is a great company and I want to see it success, but I would like to see board and management to address those things.

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    • Points well taken.

      I'm in it for the dividend. There simply are not many companies with debt free balance sheets yielding a 6% dividend today.

      So as long as they are "staying the course" and maintaining the dividend, I will remain a "pacified" investor.

 
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