Hi guys... Researching stocks to see if they have potential Just wanted to give my two cents... All the reason "alexalekhine" gives for the stock performance is reasonable. The problem is there is nothing that directly ties a stock's performance 1:1 to reason. Stocks / markets are irrational by nature - we all know that, I guess.
I am a neutral here (neither long or short PLNR) and with a good feel for the technical landscape. PLNR looks (right now) to trade under a buck in 2013. The chart IS STILL as bearish is as gets! Sorry!!
Watch the price in the coming months and understand that it is too simple to read the tea leaves here (if you know what to look for) and yet many will look for any reason to buy lower and lower and lower... Drip, drip, drip...
Here are SOME other stocks +99% of investors missed (yet the buy signs were obvious) when they started moving a few months back; REGN, RGR, INFI, CLSN, SRPT, ARNA, DYAX, SNTS, NTE, DDD, SHW, SIRI, PHM, V, CVI, CONN, PSX and TASR just to mention a few...
If YOU ever get tired of watching your stocks lose YOU money then consider :m:u:a:t:h:e: . :c:o:m: (without the colons).
Can you imagine the hassle they must have had trying to run a small operation in Finland? IMO this is great news, simplifies their business, and it probably gets rid of a business segment that was using their cash.
If you are so down, what is your interest here?
What keeps you coming back?
Come on! Cough it up!
But seriously, this is a very significant step forward for PLNR:
It increases their cash resources,
reduces their operating losses,
increases ongoing cash flow from operations
eliminates a management distraction (managing a far away operation)
increases the percentage of the remaining business in growth markets, and
should reduce the cost base.
Stock is now $1.39 bid and $1.40 offered.
My most recent purchase (which looked bad for a few months) now is in the black).