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Primo Water Corporation Message Board

  • chartmancommeth44 chartmancommeth44 Aug 11, 2011 12:48 PM Flag

    Janney sets $17 PT

    This came across my DOW Jones news streamer at 11.50am...I'm also glad I bought another 11200 shares at 4.85...I'm now loaded with a full position (20K is full position for me)...unfortunetly I started buying above 6 yesterday but I'm now averaged back down to 5.50's
    Good luck folks, this sell off is/was ridiculous....I also believe we made a bottom today at 4.70 but anything can be nimble. I'm in for long term gains

    MARKET TALK: Primo Water Keeps Falls; Janney Likes StockLast update: 8/11/2011 11:49:30 AM11:49 (Dow Jones) Janney remains upbeat on Primo Water (PRMW) despite the water seller's big 2Q miss and dour 3Q view, "particularly" after the recent stock sale by the company and pre-IPO owners. It's "a near-term problem for the stock as it will take a while for management to re-establish credibility." However, "the timing of significant new customer launches always poses a risk to near-term results for a small growth company, and PRMW is no exception. We are comfortable that PRMW's Q2 issues were only a temporary setback." PRMW tumbled 61% Wednesday and are off another 13% today to $4.71; November's IPO price was $12. Janney cuts its fair-value target to $17 from $23. ( Call us at (212) 416-2354 or email (END) Dow Jones NewswiresAugust 11, 2011 11:49 ET (15:49 GMT)

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