Let's set the stage. #1 shareholder is Franklin Funds 2%, look at the list of major holders and you quickly realize there's no way they would let this company go into BK. They also will make sure they get financing to continue. Yes this stock is a long term play. Congrats to those who bought under 1.10 for you will be well rewarded in the end.
I'm beginning to think that I'M a major holder. I've been buying this company
since I first saw it recommended in a Stephan Leeb newsletter I used to
subscribe to about a dozen years ago. Leeb made a hell of a case for PAL
back then, and I've been a major supporter ever since. Here's the bad part.
My average cost per share is now about $3.25, since I'm adding more
every week. I firmly believe PAL will sell for a double digit price within a
few years. I'm young. I can wait. I don't need the money until much later,
Be like Buffet and think long term. It's hard to make money by trading.
It's not all that hard to make money by investing.
Per Morningstar, as of March, Frankin Funds hold 5.9MM shares (3.3%), while Kaiser Francis holds 19.8MM (11.8%). Kaiser should be motivated to come up with some kind of rescue plan, if they are able to afford it.
BTW, I'm under the impression that Kaiser doesn't shows up on Nasdaq because it's PDL they hold. Someone correct me if this is not the case.
Use Morningside site. (google "Morningside stock". Chose STOCKS and then enter symbol.Great for all stock info, insider info, holders info, compensation etc. No need to register, just put symbol in Quote box. KFO shows up there along with several other 2%+ holders. Don't confuse mutual funds (public) with institutions (hedge fund, pension funds (like CALPERS) and their managers, etc