I’m happy with management’s decisions so far re slowing the...

I’m happy with management’s decisions so far re slowing the store rollout and canning the store of the future capex, at least until balance sheet has recovered a bit.

it seems to me that under new management GXL are entering a new more mature phase of their business cycle, perhaps suggesting a lower EV multiple is appropriate than the US and UK peers.

In the US, I noticed that integrated pet care ads were pretty common on TV (like no. 3 after medicine and insurance). Seems to me the model is successful over there. I also think we might even see greater success given the difficulties online retailers face here (distance) and I think pet ownership might be higher too (at least compared to NY). Wonder if management should be investing more in marketing..