Central Garden & Pet: Pull-back is a buy opportunity - Joseph Lazzaro

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Central Garden & Pet: Pull-back is a buy opportunity
Oct 12, 2009 02:30 PM UTC

Joseph Lazzaro

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
CENT		10/12/09	-20.51%	--

Via BloggingStocks:

Filed under: Stocks to Buy

I'm Reiterating my Buy rating for Central Garden & Pet Company (NASDAQ: CENT), first recommended on June 22, 2009 at a price of $10.16.

Central's stock has re-trenched to about $12 after breaking out to the upside above $14 this summer. For now, the narrative remains the same -- that CENT, which receives about 50% of its revenue from pet products/care, will not suffer the fate of other retail plays, under the thesis that the now 'frugal consumer' Americans will give up a lot before giving up their pets.

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Central Garden & Pet: Pull-back is a buy opportunity originally appeared on BloggingStocks on Mon, 12 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.

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