Is a Bet on PetSmart a Bet on a Takeover?
August 20, 2014 at 10:51 AM EDT
Yes, says UBS analyst Michael Lasser, who calls PetSmart’s shares “a referendum on a sale.” He explains why: Getty Images There was a lot of news to digest from PetSmart with the announcement that it’s officially exploring strategic alternatives, its 3Q results were better than feared (kind of), it’s implementing a series of performance enhancement [...]