At Wal-Mart's (WMT) analyst meeting last week, the Company gave details on growth plans by expanding its offerings to pet owners beyond just pet food and related products to include services such as grooming. The move is bad news for pet retailers such as Central Garden & Pet (CENT) and PetSmart (PETM), and possibly even VCA Antech (WOOF) and PetMed Express (PETS) if Wal-Mart (WMT) decides to expand into veterinary services and pet pharmacy, respectively.
The accompanying table provides statistics and the top five rated companies in the ETFI Global AnimalBiz, with the top 25 rated companies outpacing the overall market and benchmark ETFs such as Market Vectors Agribusiness (MOO), Healthcare Sector SPDR (XLV), and iShares S&P Global Healthcare (IXJ). Of the top five rated companies, Alpharma (ALO) has rejected an unsolicited tender offer from King Pharma (KG) and expects to hear from the FDA by year-end on its NDA for its abuse-resistant pain drug, Embeda.
The accompanying table provides statistics and the top five rated companies in the ETFI Global AnimalBiz, with the top 25 rated companies outpacing the overall market and benchmark ETFs such as Market Vectors Agribusiness (MOO), Healthcare Sector SPDR (XLV), and iShares S&P Global Healthcare (IXJ). Of the top five rated companies, Alpharma (ALO) has rejected an unsolicited tender offer from King Pharma (KG) and expects to hear from the FDA by year-end on its NDA for its abuse-resistant pain drug, Embeda.
$3.22 (11/04/08)
