Monday, May 20, 2013
Get a Dog, Avoid a Heart Attack
According to a recent report by the American Heart Association, owning a dog was “probably associated” with a reduced risk of heart disease. Maybe that's why about 62 percent of all households in the United States have a pet, with approximately 78.2 million dogs and about 86.4 million cats owned by Americans, according to the American Pet Products Association.
If you are looking for top dog stocks, you should consider the the suppliers of pet products, veterinary products, and pet medications. According to WallStreetNewsNetwork.com, there are about ten different pet related stocks, with almost half of them paying dividends.
Petsmart Inc. (PETM) is a Phoenix, Arizona based company that markets products for dogs, cats, birds, fish, and even horses. In addition to selling toys, food, and other products, and also offer services such as dog grooming, baths, toenail trimming, and tooth brushing, training and boarding at their Pet Hotels. The stock has a price to earnings ratio of 19.5, and pays a yield of 0.9%. The company must be doing something right as earnings for the latest quarter were up 31.4% on a 14.7% rise in revenues.
There is also Patterson Companies Inc. (PDCO) which has a veterinary supply business. Patterson Companies Inc. distributes lab supplies, paper goods, needles and syringes, gauze and wound dressings, sutures, latex gloves, orthopedic, and casting products; pharmaceuticals, including anesthetics, antibiotics, injectibles, ointments, and diagnostics to veterinarians. The stock trades at 19.4 times earnings. The company also pays a dividend of 1.7%. Revenues were up 2.3% for the latest quarter, with earnings up 1%.
MWI Veterinary Supply, Inc. (MWIV) distributes pharmaceuticals, vaccines, diagnostics, capital equipment, supplies, veterinary pet food, and nutritional products to veterinarians. The P/E is 25.3 and the stock does not pay a dividend. For the latest quarter, earnings were up 14.6% on an 11% boost in revenues.
For a list of all the pet related stocks, which you can download, sort, and add to, go to WallStreetNewsNetwork.com.
Disclosure: Author did not own any of the aboveat the time the article was written.