I bought and continue to buy primarily because of the management. They have a good growth/expansion strategy and they are implementing it well. There are a lot of otherwise good, asset rich companies out there that are managed by morons and never go anywhere- so its nice to find a gem like PSC. A secondary reason is the industry- water is still relatively undiscovered by the institutional investors, but that seems to be changing. Nevertheless, we small investors still have a good opportunity to get in before the mass of institutions in this industry. With regards to takeovers, the French company, Vivendi, owns about 16%+ of PSC and perhaps they, or some other corporation, will try to buy it out someday- I don't know. The recent price spike in the past few days suggests that somebody thinks PSC could be a target. Regards, Kagakusha
I bought PSC last week, when the stock dipped to 21 3/4. I made a tidy little profit in about a week, but I'm not going to sell. I have been watching this company for a long time. It is very well run, and it is always looking for acquisitions. So when the "street" finally gets tired of all those internet stocks that aren't earning any money, then the emphasis will be on quality. When this happens, PSC should be an easy $30.