The entire market has been down based on housing starts, building permits, etc causing uncertainty and fear in investors and traders.  

Low volume + down market = buying opportunity for PETS and other undervalued companies such as the home builders (KBH, DHI, Pulte Homes, MDC, TOL, etc.).

As noted previously, if you had bought on Nov 3, 2006 the price would have been 11.82/sh.  Today's price 12.23/sh an increase of .41 cents/share or 3.4%.  On a thousand shares that would have amounted to a $410 value increase.

Here's the latest quarterly report for PETS.
http://biz.yahoo.com/e/061106/pets10-q.html

On November 6, 2006 the price was $12.23/sh.  Friday's close was $13.27/sh a difference of $1.04/sh.  On a 1,000 shares your share value would have increased $1,040.

PETS is an undervalued stock even at $13.27/share.  It has signifant room to grow between now an EOM Mar 07.  If you're an investor - this is where stock appreciation gains are made.  On November 3, if you had bought 1,000 shares at $11.82/share the difference was $1.45/sh or an increased value of $1,450!

Their online presence is dominant.  They effectively compete in the Vet Pharma industry because their operating costs are so low.  The have extremely limited risk of physical store location competition and their Key stats are the envy of the majority of DOW companies.

Rating:
Very Effective Company Management
Stong Buy and Hold

- Bill