Northland initiated optimistic PLSB coverage on 7/23/13.
Northland called it quits on 11/19/13:
"The biggest risk to valuation is probably execution. If management cannot grow the business at
least at the level we have forecast, it will difficult to attain the valuation levels presumed in our
"So far, it seems they cannot."
Hi Baldy .... er, I mean Comffret. Sorry, I get the two of you confused!
"The biggest risk to valuation is probably execution ... "
Well gosh-oh-roody, isn't that the case with ANY company? And who gives a bag of horse apples about "the valuation levels presumed in our price target." ? These little no-name micro-cap funds are the ones who pumped up the price to begin with!! And now that they made a few bucks, they're out -- it's call profit-taking, my hairless little friend -- that's what they do -- pump & dump!
Since PLSB slid under a buck and sells at such low volumes, it may not meet the investment criteria for some of these funds.