July 2010

Bet on your pet…PetSmart is surviving the recession!

Not even one of the worst recessions could slow down the billions spent by Americans on their beloved pets.  Owners spent $45.5 billion on their pets in 2009, up from $43.2 billion in 2008. The projections in 2010 call for another increase.  The largest, publicly- traded pet supply retailer is PetSmart, which is a Stocks in the Future stock choice! 

The stock has been strong, nearly hitting an all-time high in May 2010.  Since spending on doggie toys is not slowing, it comes as no surprise that spending money on pets' health is following the trend.  Animal-related stocks should hold up better than the overall market in the event of a new bear market.