<21.50/share today. PETM is starting to look like a bargain. Analists are downplaying the business but I would recommend their vet and grooming services to anyone. They have fair prices, PHD vets, and a great facility. Everyone I know has a horror story about vet charges.
Smart money is buying in now while the stock is undervalued. The recent tripling of the dividend is an attempt by the management to keep the stock in small investor's hands, knowing that if and when credit becomes available, PETM will be one of the first buyouts.
M&A guys would love to take PETM private and use that massive cash flow to fund other buyouts and projects.
I and my investment clubbers think that the PETM management has always wanted to stay publicly owned. But in this topsy turvey world of finance, they may not be able to stay public once the M&A arena ramps up again.
Recognizing that M&A is weak and will stay weak for months, I agree that PETM could be a takeover target some day.