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PETCO – “WOOF”

For all those worried about the impending lockup date I suggest reading page 66 of: [sec.gov/Archives/edgar/data…](https://www.sec.gov/Archives/edgar/data/1826470/000119312521176216/d170700d424b4.htm)It sure looks like, regardless of the lockup date, as a condition for the waiver that was necessary for the recent secondary, THE RESTRICTION ON FURTHER SALES EXTENDS INTO LATE AUGUST! Well-funded shorts are feeding on unfounded fear. I pity them when the market realizes this. Thoughts?

โ€œ We and our officers, directors, and our Principal Stockholder have agreed or will agree with the underwriters, subject to certain exceptions, not to dispose of or hedge any of their Class A common stock or securities convertible into or exchangeable for shares of our Class A common stock during the period from the date of this prospectus continuing through the date 90 days after the date of this prospectus, except with the prior written consent of Goldman Sachs & Co. LLC and BofA Securities, Inc.โ€

What do you think?

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2 Comments

  1. Here is my dd for petco.

    Like 10 years ago someone had a billboard around me that said “Petco where the pets go. TO DIE”

    That thing was up for over a year. Someone paid money for that billboard.

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