Central Garden & Pet Company's Becoming A Good Boy (Rating Upgrade)

2026-05-07 02:41:26 ET

I always get great pleasure from being able to upgrade a company. At the end of the day, I would love it if every publicly traded company made sense to invest in. But often, I am neutral or even bearish about many of the firms that are out there. Back in May of last year, as an example, I even called Central Garden & Pet Company ( CENT ) a 'hold ' because of the uncertainty that the company was exhibiting. Declining revenue was problematic. In particular, the company 's Garden segment had been a problem for quite some time. Even though the stock was attractively priced, I made the case that it made for a better 'hold ' than it did a 'buy.' And since then, the stock has barely budged, inching up only 0.4% while the S&P 500 is up 24.3%....

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