I just got in today at 14.85. I liked the stock a few months ago when it was $16+. I thought the stock dipped way more than it should have based on .01 difference in "analyst expectations" The thing taht worries me is the lack of new customers; however, apparently they are doing more in the advertising department to bring in new business, including widening their product line. Pet meds seems to have a loyal customer base, so as long as they bring in new customers, the retention rate will support solid revenue growth. As far as the dividend is concerned, PETS has a 170% or so payout ratio, and not sure how long they can sustain the current dividend. Long term overall I think it is a good buy!
With the announcement of 2,500,000 newly issued shares coming at $30 a share, why isn't OHI hovering around $30 now. Also, when they because Issued, how does one buy it? I am assuming they are purchased differently than those shares on the secondary market. Sorry if this is a dumb question =\