especially at the big qty's you acquire...what's the biggest PBY position you have ever taken? 100,000 shares?
I feel comfortable buying at $8.50- I don't expect to grab the exact bottom anyways. At $8.50, I believe the stock presents way more reward then risk. Lower expectations are a good thing...they make it easier to surpass them. Under promise and over deliver. I love to buy wholesale and sell retail. At $8.50 you can be assured you are buying wholesale. After all. wall street is nothing more than a big merchandising game.
It is strange that today's press release didn't update us on the CEO search. After all, it has been seven months since the previous CEO resigned. I wonder if Mario Gabelli is going to appoint his own man as CEO?
daninfwo4: you were right again! I'll be buying at $9! That seems like a good deal. It usually always drops just after earnings, but then quickly recovers. That's if Gabelli, is still a buyer.
daninfw04: heck, I am going to just stop trying to invent the wheel, and simply replicate your ideas. After all, you have proven to be one of the brightest minds on Wall Street. What are your top picks, and I'll just buy them.
daninfw04: expectations are that PBY will deliver 4th q results of $507 million in revenues and 3 cents of earnings. What are you thinking they will come up with? perhaps $490 m and a 6 cent loss or are you more optimistic?
A new Seeking Alpha article indicates PBY will beat expectations when they report 4th quarter results in one week. Have they ever beaten expectations?
Congratulations to Bridgford Foods for delivering a very solid first quarter earnings report. Big increases in sales, earnings and cash holdings, is what it is all about.
I would like to see the shares dip back down to the low $8's, so I could load up again. This is nothing more than a merchandising game-buying wholesale and then selling retail.
rkr391: $200 million in real estate value, or about $7 per share. How does management only being interested in the real estate value benefit them? Not sure I understand the meaning of your post.
Just a few minutes ago, another form 4 filing was posted, confirming an additional 20,000 share purchase. Why is the CEO buying so many shares?
The redeeming quality of this company, is its massive real estate holdings. There is certainly hidden value there, that Private Equity would love to exploit.
Why has the CEO been buying so many shares recently, in the open market? What are his intentions? Is he possibly trying to manipulate the shares (pump them up)?
Danin (the stock market guru) should we buy more this am or would that be simply attempting to catch a falling knife? You know what they say, be greedy when others are fearful
Even Daninfw04 likes the shares at these dismal levels. Follow the smart money. If he is buying, so should the rest of us. The guy has a proven track record and a thorough understanding of the industry
hey danin: I am curious. Do you ever do the opposite of "pump and dump"? it is what I call "bash and buy". it is merely an attempt to bad mouth a stock to create selling pressure. The intent is to be able to buy the shares cheaper. It happens all the time in the stock market game.