ya know.....PRGO was at this level and headed higher on its own before the takeover was in the works. So now at this level again.... PRGO looks pretty darn good! S&P likes PRGO at 200 and so do I. See ya in a year or less.
Sentiment: Strong Buy
since the company turned down such an offer... then PRGO thinks its worth much more... so getting in today in the mid $140s would seem to be a fair base. Time will tell, yet they already had their credit rating reinforced.
Am thinking that the serious volume today was hedgies unloading... still more to come, but this was a pretty good shot today.
I can/will add to the position as the situation warrants.
Looks like a pretty good opportunity going forward.
Well.... that was a very nice dividend indeed. NOW comes the question... As it is a "foreign" company, anything to be concerned with tax wise for a qualified or non qualified accounts?
Hedge funds are taking this one in the rear.... so if you see todays volume... its the hedgies unloading their wedgies.
thats what I was thinking, too. As everything else I have seen on NAT has said it was overbought... so its shaking off some barnacles I think the report was terrific and appreciate that when the dividend hits tomorrow... the drip will do me very well..
if interest rates go up.... oil will go down, and our rates will go up... nice. We're in the right place. But bank stocks are not a bad place to be as well.