Years ago I owned PBY stock and made a real nice double on the stock along with a 6% yield.
I used their service department for various services. The one thing that really bothered me was the customers were always having problems with their service. I had several incidents where my local PBY service department really screwed up so I stopped going and sold my stock.
The biggest problem for PBY is their service department. When they make a customer unhappy, that customer never comes back for anything. They need to do away with all service except for tires and oil changes.
You'll know when they're going under on the day they change their name to "Manny, Moe and Shemp."
That is true and worse then that they no longer pay a dividend so you would be better off just putting your money in the bank and at least draw under one percent interest.
I have to say that today is the first day in probably two decades I have been impressed with the BOD's. They have now elected him as a new 9th member. Chainsaw Bob should pop this stock today. I have every confidence he will finally instigate long due changes at PBY's. May buy today if still in low 9's, other wise I will wait for pullback. Changes will take time but this guy is the best in world at what he does........cutting payroll and reducing expenses. He is totally cutthroat. I feel sorry for the employees but shareholders will prosper. I can't wait to see their choice of CEO. If this is any indication it could pop $2 soon. DaninFW
remember how long ago you had to "get the car ready" for whatever season? Different oil grade, tire change, drain the antifreeze, plus assorted other services? A car now can be made virtually "all season" - that's the reason for the decline in revenue
Actually, there were three of the top five holders that dumped shares in Q4. However, there was actually a net gain in institutional holders:
60 added 4,412,801 shares
50 sold 3,780,596 shares
17 bought 1,581,256
Sold Out Positions
8 sold out 738,457
However, short interest also increased almost 370,000 shares as reported yesterday.
Not sure I understand your question but in Q4, PBY's actually had a net gain in institutional ownership even though two of the top five sellers sold. DaninFW