Petco Stock: Buy, Sell, or Hold in 2022?
One of the interesting side effects of the coronavirus pandemic is rising pet adoptions. Folks spending less time in offices with co-workers, less time out with friends, and generally more time in isolation desired the companionship a pet provides.
As a result, specialty retailer Petco (NASDAQ: WOOF) has been thriving since the pandemic's onset. Sales and profits at the company have surged. Let's look closer at this business that serves pets -- and their pet parents -- to determine if it's a buy, sell, or hold for 2022.
Image source: Getty Images.
Source Fool.com