Also bought some at $12.62 on 10/22.
I will continue buying if it goes lower.
I am a long term investor. I have no problem holding a number of years if needed.
The dividend helps with the wait.
These are prices we haven't seen in years.
Well, so what. The point is you missed a 4 bagger because your illogical hatred of this company and you are going to miss the next upmove too.
Get over it already. You were fired because you were a bad employee.
My annualized return, adjusted for the stock dividend but not the cash dividend was just over 20% annualized. Not as good as I thought. I guess most of the strength here has been in the last year or so.
Just seems my $22.49 fill was just lucky.
My guess, from the trading is there is a fairly good likelihood of the deal closing at $15 with a small chance of someone offering say 25-50 cents more and bridgestone matching it. Im holding to defer my considerable gains to next year. Although I did sell some the day the deal was announced. (27%)
Will be interesting to see when they sell it and to whom. Hopefully none of the bidders will be affiliated.
Any idea how they keep up with the 13.2 million if some other holders sell.
20.89 - 22.20
I had placed an order to sell half of my small stake at $22.49 a few weeks ago just in case it continued higher.
Today my sell order filled at ABOVE market. 80 shares.
Usually, that means the stock is going higher. But today, its not.
I wonder if someone bought my shares by accident ?
Looking back, I added 100 shares at $11.81 on 1/13/13, twice I got share dividends and regular dividends.
So it about a double for me. Thought it prudent to take some off the table.
One of my larger positions, where i sold very little recently pulled back almost 50%. THAT STUNG.
I wasn't smart enough to do it.
The large, above market acquisition gave me pause. It might turn out ok, but they might have overpaid.
Which should mean, what ? Interest payments for us anyway ?
Something showed up giving it a B rating by s&p.
How much per share is possible from Jamul ? I forget. Was it around $1 ?
I doubt he is making up numbers.
He has no need to. He steals from us right out in the open. We don't get a say on it. Other than selling our shares.
Meanwhile, he is jetsetting the country on our dime hitting on maxim models while maxim bleeds millions.
And you continue to ignore the fact that no matter how much it sells for, it will make profitability that much harder,
Ok, the real estate, when sold, will give them another year. However, its future rents are going to make breaking even that much harder. Also, the cap rate isn't going to be great given that PSUN might not be around to continue to pay rents for the long term.
Since when does a mall based chain "own" their real estate ?
They might own fixtures & equipment in the stores which wouldn't be worth much to anyone as collateral.
And even if they were able to sell it, they would have to pay to lease it meaning higher rents.
The company has a high likelihood of going belly up because of their debt and the fact that they have a negative book value.
Do you REALLY think I am here because I am shorting a 35 cent stock ?
You know very little about investing.
PSUN is a very risky stock. And if you cant see that, you are blind.
$100+ million in debt, no book value and $25 million market cap.
Dilutive financing is the only thing that will keep them alive.
Its not a scam, its a potential bankruptcy. Or, at the very least, massive dilution just to kick the can down the road another year or two.
Heavy dilution & a reverse split are probable if they can avoid bankruptcy.