Mar. 10 at 5:30 PM
$PETS Clearly needs to become a private company or bought by a strategic, every executive is interim, Opportunity to flip out owned RE (bought
$18.5M in 2016
$100 psf, worth at least
$150 psf today
$28MM), Sales declining, G&A climbing (Probably on consultants who can't fix the core issue at hand - loss of any competitive advantage). This needs to be leaned out by opportunistic buyer or sold to strategic. Management can barley stay compliant and has proven they cannot turn around the declining company which has no moat and loses to competitors every day. I would make the bet a transaction happens within the year or we enter a death spiral. Hopefully the Diverolis have the ears of Board Member Peter Batushansky.
