I'm still long on this stock, but you keep hacking away. You might land something sooner or later.
I question what someone like Ducktown 10 would short on the Dividend run up. Just look at the PPS history.
especially at a time, like this, when the SP500 is up 10% in one month. Folks who are overweight any one stock can just be lightening up the position. Last week, for example, I sold 11% of my portfolios, largely to get each holding down to less than 5% of total portfolio value. Would not surprise me at all if we have a buying opportunity in the larger market in the next couple weeks, and I want to have the capital with which to pick off really good bargains.
Sentiment: Strong Buy
Hey duckey, Have not heard of the SEC or FBI getting involved . If your short position starts to go underwater take a second on the house and double down, what could go wrong? You should have covered this morning about 10:30 when I started a long position .
Good Question the only complaint about this stock is patents are running out of time So they get a new one for future revenue someone must think they paid too much for it. These people arent stupid I would buy on the weakness
I talked to one of the Lawyers. They are fishing for the one shareholder who lost $100,000 on PDLI to act as the LEAD P. in the suit. The Lawyer could not give me answers on why EY quit. Or, any action by PDLI to cause EY to leave. PDLI has hired a new Audit Company.
You have to ignore the dividend and the PE ratio because the companies cashflows will be greatly reduced after next year after expiration of the Queen patent payments, so P/E and Yield are atypical in that most likely the earnings will far lower and the dividend will have to be adjusted down as well.
That's simple enough: Because their corporate auditor (Ernst & Young) just up and resigned out of nowhere. They gave their oral notice on Sept 11, and the company put out a response on Sept 17th confirming it. No one seems to know why they up and resigned, but PDLI went from the $9.60's range on Sept 17th down to the $7.50's range until recently.
Guessing Sigrah is betting on it being much ado about nothing. Me, I don't have the risk tolerance for something like this. Seeing a respected corp auditor like Ernst & Young up and leave without saying anything seems fishy to me, but to each their own.
Guess good for you. What I can not understand is why the price is so low. Forward pe of 5,a generous dividend,
and up beat articles on valuations makes me think I must be missing something here. Any intelligent input
would be welcomed and appreciated. TIA
Bought PDLI at $7.62 / share last Friday (10/10/2014). Stock's up 6.5% today, up almost % from my position :) Strong Hold till my position gains at least 10%, then time to reevaluate.
Glad it's a big name. If anything suspicious was going on, I don't think PWC would have taken the client. Still, waiting. But I see this as a positive sign.
If all is in fact generally well with PDLI, one might reasonably expect to see multiple insiders buying this stock at this lowered price area. However, that is not happening. That suggests to me that I might want to resist the urge I am getting to add more shares.
You are right. Finally lost trust. Not a single pronoucement by management on the E&Y resignation. If it was truly oncalled for, then they would be up in arms and suing...and all we get is silence. I decided to sell today.
I just hope this is not another Allied Capital praying on dividend seeking shareholders.