I guess we are going to disagree here - A lot of the bad new is already factored into the stock. if oil never comes back, then , youll surely be right about the price of the stock. I remember When MGPI hit 50 cents back in 2009, what a difference a few years makes, its now sitting close to 18, paying a small dividend, and earning money. So sometimes when it looks the bleakest is the time to buy it, especially if they have a cash rich balance sheet.
My guess, when they report a loss in the next quarter, the stock will not think much of it since the damage has been done. we can say that earnings will be lousy for the next few quarters, but the stock price will look ahead - so the PE means absolutely nothing at these prices. It begins to come down to what the company is worth - once the value guys figure out the value of the company, earnings will be less of a factor until they start the turnaround proocess and then the stock price will reflect that.
i know more about small caps than you will ever know in your lifetime - my guess the only reason you here is probably because of me - But I'm sure i'll be the guy smiling at the end and you will slip into the murky world of message boards never to be heard again. Go find those high flyers with high PES and selling at 10 times book value and tell me how it works out for you.
Well the stock is basically sitting at 40 and you would think you've predicted that aliens have landed on the moon. I'll do just fine with PLPC at these prices - but I'm sure with your stock picking knowledge that you don't have time to count all your big gains in the market. Too funny.
nobody know how to be creative anymore, same old #$%$ recycled over and over again. star wars will be no different. - the story will suck but they'll try to wow you with special effects - exciting stuff. How about a good old story that make you say "great movie"
Yet, looking at the first quarter share count there is basically no change. Now how could that be unless they are basically diluting shareholder value through issueing stock options to the highly intelligent insiders at the expense of shareholders.
cat don't count your logic yet. You talk in the short term. Well see where the stock is in a year - of course that might seem like infinitity to you. And book value doesn't mean much to you. the bad news is already refelcted in the stock . i rather buy a company like this than something that looks great and is about to miss earnings. And there are no expectations here. A stock that went to 90 has the potential to do it again. Not too mention the last two years hurricane season has been non-existent - a bad hurrican season will do wonders for plpc but you'll blame it on the weather. But don't have to worry about me, my picks usually do well with a few bumps in the road.
PE is already factored into the past. Maybe it will take a year to turn around but at these prices it looks like a bargain. The next earnings report will give you a good idea what the market thinks. it twill be interesting if the stock goes up on a weak earnings report becuase expectations are now so low.
thats because interest rates are zero - and there is no place to put your money. And its not where the company has been but where it is going. Ag won't be down forever and oil and gas aren't going away either.
your opinion or my opinion mean nothing in where the stock is heading. i actually think there are people who think they can move a stock based on their message board comments, which is pretty funny when you think about it.
not sure what it means if anything. makes a nice move only to sell off, then, does it again, then, sells off. Today we are back to moving up.
if it wants to be taken seriously. a 1 for 3 or 1 for 4 reverse split would get this stock on instititionals radar. 32 milion shares selling around 4 bucks is pretty dreadful. So a 16 dollar price and earnings of 24 cents with 8 million shares outstanding would do wonders for the stock price, but maybe management isnt that bright and is exactly why this stock price sits at these levels or maybe management just doesn't give a #$%$
but a new high with enormous volume sure seems like a breakout to me from months of basing in the 4s. And what was the trigger - an actual good earnings report - not some hype - so it sure looks like this is a catylst that should drive the stock price much higher in the coming weeks. We shall see.
How about this is a beginning instead of an end. A nice earnings report for such a depressed stock. its too bad you threw in the towel
sold it, So now i watch it go up without me. But you cant be afraid to take prodits when you have the opportunitity to take them becuase as you know the stocks have a way of going in the other direction.