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I'm Reiterating my Buy rating for Central Garden & Pet Company (NASDAQ: CENT), first recommended on June 22, 2009 at a price of $10.16. Central's stock has re-trenched to about $12 after breaking out to the upside above $14 this summer. For now, the narrative remains the same -- that CENT, which receives about 50% of its revenue from pet products/care, will not suffer the fate of other retail plays, under the thesis that the now 'frugal consumer' Americans will give up a lot before giving up their pets.
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