PetSmart, Inc. (NASDAQ:PETM) has been hiding poor results from investors claims the hedge fund Jana Partners LLC, who revealed in a regulatory filing that they had obtained internal PetSmart documents regarding the allegations. In a case of spy intrigue, Jana received an anonymous package from an apparent internal whistleblower that revealed the firm had “missed internal projections” and did not act in the best interests of investors, a report in the Wall Street Journal revealed. Jana requested PetSmart to share the documents in question Jana has formally requested PetSmart, Inc. (NASDAQ:PETM) “promptly” share the documents in question with shareholders, the hedge fund…
Jana Delivers "High Noon" Threat to PetSmart
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.