Are you waiting for a pull back to the low $9's before you go long again? It sounds like your take on PBY right now is, it has a terrible risk reward ratio, with $4 of downside to only $2 of upside. I wonder if Gabelli will start to book profits or the company will produce another lackluster quarter? what do you think the probability of it being acquired is? It seems like the longer, nothing happens, the lower the chances of a deal ever happening
could it also rise on better than expected 2nd Q earnings on Sept. 9th? estimates of eps of 10 cents on sales of $528 million could be surpassed.
Since PBY took about a 10% hit in the last week or so, would you recommend averaging down and really loading up the truck? Sort of swinging for the fences, if you will.
a lot can happen in three years, and I do believe that the company is much stronger today than it was back then. A $15 to $16 bid could actually be too low. How about $18?
the dip was in the $9 region..you were not that hot on the shares back then. I am tickled pink you are positive on the name. it is good to also have Gabelli on board. Hopefully we will here some beautiful news very soon. I only wish I had purchased more-right now I feel like being long PBY, is like shooting fish in a barrel.
boy, you sure have changed your tune on this one. Went from a full blown bear to a full blown bull. Too bad you didn't buy the dip
what's your take on the spike in the shares? Do you think any of this rumored buyout talk is the real thing? If so, what is your opinion on the price range of the ultimate sale? $11 to $12 perhaps?
hmmmm. If a possible takeout is at $12, and the downside is in the low $8's, then I would think the stock offers more upside than downside at this juncture ( about $1 of downside to $3 of upside). Not sure why you claim the stock has more downside than upside, if the scenario you presented has validity.