I'm hoping for some news to come out after the market on over the weekend! Been long on this stock not many but I have 3000 shares avg price around 11.50 but have been getting the divys for awhile. This could be the pre-move befoer any sale news they are probably telling their buddies to buy it today! Good luck longs !
That downgrade was really dumb because it was in direct response to Allan Markin's resignation from the BOD. The more likely scenario was laid out in the Seeking Alpha article. In fact it is very difficult to come up with any other explanation that makes any sense given that Markin bought $5 million PWE stock on June 25 and June 26 and then resigned on July 3. Likewise most of the major bank analysts have not changed their assessment significantly from where they were in May. Basically this is moving faster than they are able to react. Having said that I would be surprised if anything happens in the next few weeks, but I am glad I have established my position. Better to be a month early than a day late.