Bob Olstein: Petsmart Push By JANA A Smart Move

Discussing what's behind the stock market rally and where PetSmart is going, with Bob Olstein, Olstein Capital Management CEO.

caller: well, we're in a mergers and acquisitions. i don't think the story's in the market anymore, and, you know, basically, the values are up there, but underneath, everybody's in the social media, the shopping stocks, petsmarts, bed bath, low cash yields, few people doing that. five stocks in the last two weeks taken out of the portfolio or expressions of interest. petsmart, live on closing bell said private equity is interested, a company doing five . . .

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