Pet Valu Holdings (PET.TO)

Our PAST TOP PICK with PET has triggered its stop at $35.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 31%, when combined with our previous guidance.  

Our PAST TOP PICK with PET is progressing well.  To remain disciplined, we recommend trailing up the stop (from $32.00) to $35.50 at this time.  

Our PAST TOP PICK with PET is progressing well.  To remain disciplined, we recommend trailing up the stop (from $29) to $32 at this time.

Our PAST TOP PICK with PET is progressing well.  To remain disciplined, we recommend trailing up the stop (from $26) to $29 at this time.  

Our PAST TOP PICK with PET has achieved its target at $32.  To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $26.

Our PAST TOP PICK with PET is progressing well.  To remain disciplined, we recommend trailing up the stop (from $23) to $26 at this time.  

Our PAST TOP PICK with PET is progressing well.  To remain disciplined, we recommend trailing up the stop (from $20) to $23 at this time.  

Our PAST TOP PICK with PET is stagnating.  To remain disciplined, we recommend trailing up the stop (from $18) to $20 at this time.

We reiterate this Canadian based Pet store operator.  Recently reported earnings showed a 28% increase in net income.  The company has opened its Vancouver regional distribution centre, positioning well ahead of the holiday season.  We like that cash reserves are growing, while debt is retired.  We recommend trailing up the stop (from $16) to $18, looking to achieve $32 -- upside of 25%.  Yield 1.7%

Shares are basically flat over the past year do some quarterly misses, but its PE has fallen to 22.34x, below its 24.06x, making it an attractive entry point. It pays a moderate 1.72x dividend because the company is investing in expansion, which should bolster top and bottom lines in future quarters and reinforce the company's prominence in this healthy space.