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.
danin: are you buying yet or are you still waiting for a pullback to the mid $8's? for them to cancel the deal and pay $50 million, had to result in a absolutely horrendous finding, to say the least-- Why should I reinvent the wheel, if I can just replicate your brilliance? My motto, follow the smart money.
interestingly enough, it never rose in after hours, so it could be a non event. Why isn't GAMcO's interests the same as shareholders? don't they want the stock price to go up fast and far too. I'm a shareholder and that's exactly what I desire.
Now that GAMCO is trying to put 5 directors on the board, has your opinion changed? If they are successful in doing so, they will effectively have control of the company. One of the nominees is a Bear Sterns guy who is a M&A specialist. Do you think they will attempt to dismantle the company and sell it piece meal. Sometimes the pieces are worth more than the whole. I am sure this development will cease the CEO search and Gabelli will appoint his own guy. Do you think this is a overall positive event for the stock price?
the 13d says they have a 18.50% ownership stake. This news ( Gamco's board nominations) will undoubtly be positive for the share price.
especially at the big qty's you acquire...what's the biggest PBY position you have ever taken? 100,000 shares?