It is great to see a modestly resurgent music industry after so many consecutive years of decline.

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If valuations do decline modestly on PetSmart, perhaps long-term investors will want to take interest.

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When the cohort born roughly in the years between 1993 and 2005 enters prime child-bearing years, there is going to be a pretty significant decline in the crude birth rate even if the total fertility rate (TFR) continues to move modestly higher.

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