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ProShares Ultra Real Estate Message Board

bittymack 13 posts  |  Last Activity: Apr 15, 2016 3:55 PM Member since: Dec 28, 2007
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  • GREENWICH, CT, March 9, 2016 /PRNewswire/ - Sagard Capital Partners, L.P., Sagard Capital Partners GP, Inc. and Sagard Capital Partners Management Corp. (collectively, "Sagard Capital") issue this press release pursuant to applicable requirements of Canadian securities legislation. Sagard Capital announces that, in a series of purchases today on the Toronto Stock Exchange and the New York Stock Exchange, it has acquired (the "Acquisition") a total of 1,950,215 common shares ("Shares") of Performance Sports Group Ltd. (the "Issuer") at a weighted average price of US$3.35 per Share (or approximately C$4.43 per Share), representing approximately 4.28% of the issued and outstanding Shares. As a result of the Acquisition, Sagard Capital beneficially owns and controls an aggregate of 6,211,288 Shares, representing approximately 13.63% of the issued and outstanding Shares.

    Sagard Capital acquired the Shares for the purpose of holding a significant equity position in the Issuer and, in accordance with applicable securities laws, it may increase or decrease its investment in the Issuer depending on market conditions and other relevant factors. Sagard Capital presently expects to engage in communications with the Issuer, the board of directors of the Issuer, and/or one or more shareholders of the Issuer, to suggest that the Issuer nominate one or more representatives of Sagard Capital to the board of directors of the Issuer. Sagard Capital may also in the future take such other actions with respect to its investment in the Issuer as it deems appropriate.

    Sagard Capital, a subsidiary of Power Corporation of Canada, is relying on section 5.2 of National Instrument 62-103 in respect of aggregation relief relating to any securities that may be held by Great-West Lifeco Inc. and its subsidiaries, IGM Financial Inc. and its subsidiaries, and any investment fund managed by entities within the Power Corporation of Canada group of companies.

    Sentiment: Strong Buy

  • Reply to

    I'm confident...

    by gatewood5911 Mar 21, 2016 6:44 PM
    bittymack bittymack Mar 23, 2016 9:22 AM Flag

    Because this is a great company that has some of the most recognized products out there. Bauer and Easton, etc. We just had a bum CEO. Now he is gone, stock will recover from being down like 70%! Good things to come.

    Sentiment: Strong Buy

  • Reply to

    I'm confident...

    by gatewood5911 Mar 21, 2016 6:44 PM
    bittymack bittymack Mar 22, 2016 5:10 PM Flag

    You got your wish! YIPPEEE! Finally! This thing is going to take off tomorrow!

    Sentiment: Strong Buy

  • bittymack bittymack Mar 24, 2016 4:07 PM Flag

    they are just ambulance chasers for firms that do not make their number when they report earnings. They do this on every stock. 99% it goes no where and means nothing. A non event.

    Sentiment: Hold

  • Reply to

    $6/share next week

    by gatewood5911 Mar 11, 2016 6:19 PM
    bittymack bittymack Mar 16, 2016 10:10 AM Flag

    Lots of institutions are buying and I also think insiders will be buying. This stock could be a triple, in just a short amount of time.

    Sentiment: Strong Buy

  • Reply to

    $6/share next week

    by gatewood5911 Mar 11, 2016 6:19 PM
    bittymack bittymack Mar 17, 2016 5:54 AM Flag

    Two different institutions bought on Friday (after earnings) Do your research. You can look up all insider buys on marketbeat's website. I'm not trying to convince you or anyone. I am long holding 49,589 shares at an average of 3.50.

    Sentiment: Strong Buy

  • FINALLY! LONG PSG! Watch out shorts - tomorrow we are flying up!

    Sentiment: Strong Buy

  • Morgan Stanley increased its position in Performance Sports Group Ltd (NYSE:PSG) by 129.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,284 shares of the company’s stock after buying an additional 208,383 shares during the period. Morgan Stanley owned approximately 0.81% of Performance Sports Group worth $3,556,000 at the end of the most recent quarter.

    Several other institutional investors also recently modified their holdings of PSG. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Performance Sports Group by 64.2% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 147,930 shares of the company’s stock worth $1,426,000 after buying an additional 57,830 shares during the last quarter. Boston Partners acquired a new position in Performance Sports Group during the fourth quarter valued at approximately $1,598,000. Punch & Associates Investment Management Inc. raised its position in Performance Sports Group by 5.4% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 195,009 shares of the company’s stock valued at $1,878,000 after buying an additional 10,009 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Performance Sports Group by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 262,070 shares of the company’s stock valued at $2,524,000 after buying an additional 1,567 shares in the last quarter. Finally, Suffolk Capital Management LLC raised its position in Performance Sports Group by 27.7% in the fourth quarter. Suffolk Capital Management LLC now owns 284,824 shares of the company’s stock valued at $2,743,000 after buying an additional 61,824 shares in the last quarter.

  • Family Residuary Tru Desmarais Acquires 480,000 Shares of Performance Sports Group Ltd (PSG) Stock
    March 16th, 2016 - By Samantha Reynolds - 0 comments
    Performance Sports Group logoPerformance Sports Group Ltd (TSE:PSG) insider Family Residuary Tru Desmarais acquired 480,000 shares of the stock in a transaction dated Friday, March 11th. The stock was acquired at an average price of C$3.97 per share, for a total transaction of C$1,907,472.00.

    Sentiment: Strong Buy

  • Sterne Agee CRT Thinks Performance Sports Group’s Stock is Going to Recover
    By George Macdonald

    Sterne Agee CRT analyst Lee Giordano maintained a Buy rating on Performance Sports Group (NYSE: PSG) yesterday and set a price target of $6. The company’s shares closed yesterday at $3.51, close to its 52-week low of $2.80.

    Giordano commented, “PSG has announced an arrangement with CEO Kevin Davis for his departure from the Company. There was no mention of rationale for the change in the Company press release, though we suspect the poor performance of the business, including a very large and unexpected guidance revision a few weeks ago, likely served as a catalyst for the decision to make a change. While the lack of near-term visibility prompts caution and could limit upside for now, we continue to believe some of the weakness in baseball and hockey is likely transitory (i.e., The Sports Authority bankruptcy impact) and should eventually normalize. Patience will be required, but we remain positive on PSG’s LT growth opportunity and its leading branded platform.”

    Currently, the analyst consensus on Performance Sports Group is Moderate Buy and the average price target is $7.25, representing a 106.6% upside. In a report issued on March 9, Wedbush also reiterated a Buy rating on the stock with a $5 price target.

    The company has a one year high of $21.72 and a one year low of $2.80. Currently, Performance Sports Group has an average volume of 1.2M.

    Like Sterne Agee CRT`s latest rating, based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PSG in relation to earlier this year.

    Sentiment: Strong Buy

  • Reply to

    Tug of war

    by byrd4451 Mar 8, 2016 4:05 PM
    bittymack bittymack Mar 8, 2016 4:11 PM Flag

    Now we need a 50% bounce tomorrow. This was brutal today!

    Sentiment: Hold

  • BRIEF-Wellington Management Group LLP reports 5.93 pct passive stake in Performance Sports Group Ltd as of March 31, 2016-SEC filing

    Sentiment: Strong Buy

  • Reply to

    Raised guidance, focussed on debt reduction.

    by summerwind_57 Apr 14, 2016 8:31 PM
    bittymack bittymack Apr 15, 2016 3:55 PM Flag

    Sellers out and shorts brought this down today. Dead money after today. The next quarters were raised, so why short this now. They should all be covering. This is dead money to shorts at this point.

    Sentiment: Strong Buy

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115.69+0.68(+0.59%)May 5 4:00 PMEDT