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Parlux Fragrances Inc. Message Board

  • snugly60031 snugly60031 Sep 15, 2006 7:48 PM Flag

    Stinky Stock

    I believe PARL stock price suffers from a suspicion on the Street that the company's management is hiding something, and that bad news is just around the corner. There is a premium required for investors to put money into a stock when they fear they will be left holding an empty bag. That is why I believe the stock will eventually trade at a substantial discount to stated book value. I have seen it happen with other stocks. It happened with one I held earlier this year, PRZ. It went well below BV, before it popped back up some, at which time I got out. It never got back to its BV. Since then it has drifted back down nearer its low. Similarly, I believe PARL is destined to trade well below its BV, and may then pop higher, but staying below BV. JMHO. I don't have a position in the stock, but took a loss earlier. Just watching now.

 

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