Ladenburg Thalmann's Nancy Hull has found a business that hasn't been badly bitten by the recession. It's the business of pet medications.
"As Americans, we really view our pets as members of our family, and are really very reluctant to cut back on spending for our pets," she told CNBC. "The over-the-counter and prescription medication markets...are really much less discretionary spends than, say, a new chewy toy, or a new leash, or something that a consumer might be more ready to forego buying for their dog or cat."
Hull says the company best positioned in the field is PetMed Express.