Besides the Howard Stern Fans (which I am definitely NOT), any serious investors looking at the lower prices as a buy opportunity? I tempted to buy a chunk of 500 if and when it hits below $30.00. Any comments from PB Stock Owners would be appreciated.
But I doubt it will get that low. I was trying to sell July 30 puts, but no takers. You may already have missed the opportunity, given the rebound today. You might want to buy more if it gets back to 31/32.
This is a GREAT time to acquire position in PB. I don't think that one should wait for the stock to drop below a "magical" price of 30 or anything else. One should think on long terms, where most brokers recommend BUY. Remember that a few months ago (before acquiring Nicaraguan and Costa Rican operations), PB's expected mid-98 price was set in the mid-40s. That's nearly 40% above its current price. Remember, though, that this stock is very sensible to LatAm's volatile economies, so be prepared for cyclical price drops, such as the one we are currently expiriencing.