Petco earnings released yesterday, revenue inline and an EPS miss of 0.01, doesn't seem to justify the almost 20% decline. 😳
Stock sitting at about $8 now.
I've been watching this thing fall for 2 years. Glad I never got in but now I'm considering a position. I suppose the danger of continuing to fall is there but I feel like this could/should be the bottom. I mean they're still a profitable company at the end of the day and they seem to be trying to move forward with their vet clinics. And if the FED starts to loosen up on the rate hikes then Petco just might have a decent path ahead of them from this point.
Anyone out there want to chime in on this?
[link] [comments] https://www.reddit.com/r/stocks/comments/1207yws/petco_001_eps_miss_20_decline_opportunity/
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