Courtesy of Benzinga.
A report from D.I. reiterates its High Risk rating on Central Garden & Pet Co. (NASDAQ: CENT).
The report states, “Concentrated voting power; multiple classes of stock; one-time items; CFO turnover; concentrated revenue; related party transactions; and the chairman and CEO positions being held by one person support our opinion of a High Risk rating for CENT. CENT has 3 classes of stock: common (one vote per share), B (the lesser of 10 votes per share or 49% of the total votes cast), and A common (generally no voting rights unless otherwise required by Delaware law).”
CENT closed yesterday at $9.10.