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Bullboard - Stock Discussion Forum Pet Valu Holdings Ltd T.PET

Alternate Symbol(s):  PTVLF

Pet Valu Holdings Ltd. is a Canadian specialty retailer of pet food and pet-related supplies. The Company has over 800 corporate-owned or franchised locations across the country. Through its neighborhood stores and digital platform, the Company offers more than 9,000 competitively priced products, including an assortment of premium, super premium and holistic brands. Its family of stores... see more

TSX:PET - Post Discussion

Pet Valu Holdings Ltd > Stephen Takacsy - BNN - TOP PICK
View:
Post by Possibleidiot01 on Jan 31, 2023 2:06pm

Stephen Takacsy - BNN - TOP PICK

PET VALU (PET TSX)

Growth and recession-proof.

Pet Valu is Canada’s leading retailer of pet supplies with 700 mostly franchised stores and some corporate-owned ones. It is three times larger than its nearest competitor. Industry growth has been driven by increased pet adoption rates, particularly during the pandemic when three million more pets were adopted in Canada and now have to be fed for the next 10-15 years. Additionally, spending per pet is higher because of the humanization of pets as we now treat our pets like a member of the family.

 

The pet supply business is also a recession-resilient business. Since Pet Valu’s initial public offering (IPO) in 2021, it has consistently beaten consensus, delivered double-digit organic growth and raised its guidance. It keeps rolling out new stores to gain more market share and recently acquired the largest pet supply retailer in Quebec. The company is trading at around 23X NTM P/E which is reasonable given its growth rate.

Comment by retiredcf on Feb 01, 2023 7:59am
Second stock in the clip. GLTA https://www.bnnbloomberg.ca/video/stephen-takacsy-s-top-picks~2619923 TOP PICK Pet Valu Holdings(PET-T) 30/01/2023   Leading pet supplies in Canada by far. Covid drove pet adoption and they need to be fed. There's higher spending per pet, too. He bought on a dip. They are growing double-digit growth and have raised guidance. Keep beating the ...more  
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