Nov 06 2024 41 mins 2
Welcome to The Investors Corner: Evaluating the Pet Trade In the inaugural episode of The Investors Corner podcast, Paul Cerro, Chief Investment Officer at Cedar Grove Capital Management, discusses the investment learnings behind their thematic pet trade.
Paul explains the rationale for going long on Petco and shorting Chewy during the post-COVID pet adoption boom.
The episode covers industry trends, such as the humanization of pets, pet spending habits, and the impact of COVID-19 on pet adoption rates.
Paul also shares insights on the unexpected market reversals due to the return to work, economic factors, and consumer behavior changes.
The episode concludes with key takeaways and lessons learned from this investment experience.
00:00 Introduction to The Investors Corner Podcast
00:15 Overview of the Podcast Series
00:51 First Episode Focus: Pet Trade Post-Mortem
01:14 The Importance of Learning from Trades
02:18 Pet Ownership Trends and Statistics
07:19 Impact of COVID-19 on Pet Adoption
15:52 Investment Analysis: Petco vs. Chewy
28:55 Challenges and Unforeseen Changes
37:16 Lessons Learned and Future Outlook
40:43 Conclusion and Future Episodes
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