PetMed Express: A High-Yield Small Cap Cashing In On A Booming Industry

The pet health care industry in the United States is booming, and proved to be nearly-recession proof even during the darkest days of the financial crisis five years ago. Americans have proven an amazing willingness to spend enough to make sure their furry friends are happy and healthy. Recent data from the government backs this up. The Bureau of Labor Statistics reported last year that approximately three-quarters of U.S. households own pets. In all, there are about 218 million pets in the United States, and as is the case with every living thing, health care is a basic need for them. On average, every U.S. household spends around $500 each year to care for their pets. Pet care is a $61 billion industry by annual sales. There are many ways to play this attractive trend. One is through the well-known retailer PetSmart (Nasdaq: PETM). While PetSmart is a solid, growing company,... Read more