TSX:PET - Post Discussion
Post by
retiredcf on Jun 28, 2024 6:25am
Panic-Proof Portfolio
TOP PICK
Pet Valu Holdings(PET-T)
27/06/2024
Stockchase Research Editor: Michael O'Reilly
The retailer of pet supplies in Canada opened 11 new stores last quarter, increasing its network to 794, and is targeting a total of 40-50 new stores in 2024. Cash reserves are growing while debt is retired. It trades at 22x earnings and its dividend is backed by a payout ratio under 40% of cash flow. We recommend setting a stop-loss at $21, looking to achieve $37 -- upside potential of 38%. Yield 1.5%
(Analysts’ price target is $37.59)
Specialty Stores
$26.450
Be the first to comment on this post