PETsMART Inc. (PETM) President & CEO Robert F Moran sells 34,019 Shares

Sep 8, 2010 Full story: GuruFocus.com

President & CEO of PETsMART Inc. Robert F Moran sells 34,019 shares of PETM on 09/03/2010 at an average price of $34.5 a share.

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Cloud

Winslow, AZ

#1 Sep 8, 2010
Petsmart makes money by cutting hours...working their employees to the bone....and they treat their managers, especially Salon managers horribly! I worked there eight years as a Salon manager as I needed the insurance...and no I am not disgruntled fired employee..I put in my two week notice and quit. They cut hours and anything they can...then send all their store managers to Arizona for meeting (motel rooms, plane fare, food) but a lower floor manager makes squat!! It's shames...CNN or some other news should do a through investigation on how they treat their employees
ZRX

Tampa, FL

#2 Sep 8, 2010
So it's a Wal Mart for pets basically? SOS diff co.
4thedogs

Houston, TX

#3 Sep 8, 2010
It's not surprising that Robert Moran is selling off his shares. Now, that grocery stores are starting to carry premium dog food brands. That was PetSmart's only benefit, their services have gone down in quality. The majority of their knowledgeable associates have quit in disgust,because of the way PetSmart treated them. Stockholders take note; sell off your shares!!!

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