A massive market with one little problem…
According to American Pet Products Association (APPA) statistics, there are approximately 175 million companion dogs and cats in the United States, and over 650 million dogs and cats worldwide.
In the U.S. alone, pet owners spent a record $60.3 billion on their furry friends during 2015. Forecasters at the APPA are calling for another new record this year.
Clearly, pet-related products and services represent a massive market opportunity. Problem is, there are almost no ways to invest in this growing industry via the stock market. After Petsmart was taken private, there are only 2 large stocks left (that I know of) – Central Garden & Pet (CENT, NASDAQ) and Blue Buffalo (BUFF, NASDAQ). Check out those charts! Central Garden supplies an incredibly diverse line of products and Blue Buffalo sells high-end food. I’m not as thrilled about those because each is valued in the billions, and over my history my 5 and 10-baggers have come from microcap stocks that have little to no analyst coverage.
I’ve searched far and wide for a publicly trading profitable company that’s an established, undervalued player in the pet products business, and I found one – a stock you can put away for the long-term and watch it grow like your puppy!
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