So JP Morgan Chase UPgrades PNNT back on Feb 5th and the stock rallies from the 8's to today's 9.6x ... Columbine Capital Services DOWNgrades PNNT to sell just a couple days again and no one notices .. HA! Go PNNT over $10 please!
today's selloff (-1.88) news that ETF's are dropping Atlas from its index's ... add in oil falling -4% ... this is a nice shake out... I have no doubt buyers are laying in wait and will pounce on this for a nice +$2 gain by Monday ... imo
IF anything we will get some clarity on all the questionable items we've been talking about. Hope it goes higher. Did anyone see something in the earnings that's a RED FLAG? Thanks for the input
because I sold 2,000 shares at 7.05 ... UGH!!!! I KNEW IT ... I said to myself.. you watch.. Im gonna sell some shares here and this sucker will go UP ... HA!
man sunau ... hate hearing that but your right.. I voted NO as well and hope Wall Street doesn't take that as NOT being able to trust this management team going forward. THAT would effect the price ... it would take months to shake out... then the people just looking for a HIGH DIV% will buy it not knowing the events leading up to the stock falling off. UGH! 5,000 shares sucking wind!
Down -5% today (1/20/2015) on what news? What is happening with the business that it's selling off from a recent high of $9.7x to now $8.2x ... no announcements so someone somewhere knows something that were just not seeing. Is it related to interest rates? The 10yr is at 1.8% and PNNT as fallen with it. Thanks in advance for your opinions
Why.. explain what is happening with the business that they would change the payout. ... sure, they % looks high but they pay $1.12 a share ... forget the % ... what has changed in the business that they can't pay the 1.12 a share?