GXL Target Price of $8.03/share, page-108

Thought the rise was maybe due to something coming out in the annual report. Nothing, no guidance. Wonder what today will bring :S

The one positive is that the report still talks a lot about Growth. No longer rollout growth but organic growth. Some vet acquisition possible too. The massive drop in price I feel is that this stock was re rated as no longer being a growth stock.

Humanisation of pets and growth of pet ownership will still be a source of growth. Organic growth from rolling out in store clinics and services will also still continue. And then there’s private label.

So maybe not correct to dismiss this stock’s growth opportunities.