PetHealth is quite tightly connected with Northbridge and consequently Fairfax. From their Annual Report:
PTZ could be a great friendly acquisition target for FFH
See futurs catalysts:
1) New complete software for sale to shelters to become a virtual "veterian clinic" until next mai. Additional potential sales from 2000 animals welfare organisations.
2) Great expansion about Pet pharmacy and speciality retails - B to Business pharmacy products with Petango.com (+ 54 % growth last quarter). More distribution agreement to come (Perrigo, PRGO-NYSE ?) covering antiparasitics, antibiotics, medications and diagnostic tests. I like this part of the business. During the last conference call, Mark Warren, president and CEO did a comparaison about the Best Friends pets website and Amazon partnership. They have had a partnership for about 2 years now. The point was if amazon thought they could get to the adopter demographic directly then why do a deal with Best Friends. So PTZ approach which is to while label retail stores for hundreds of PetPoint licensed shelters must be an even better way.
3) PTZ is looking to buy a company under 10 M$. In my opinion, PTZ could be a target too !
This company lead the Pet space in microchip, insurance, database, retail to shelters, online commerce... I think within a year we will see the terrific strength of this business model.