Advertisement
Advertisement
U.S. Markets close in 1 hr 43 mins
Advertisement
Advertisement
Advertisement
Advertisement

Patriot Transportation Holding, Inc. (PATI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
7.42-0.12 (-1.59%)
As of 02:02PM EDT. Market open.
Advertisement
Sign in to post a message.
  • M
    Mike
    John Baker has been buying at these current levels since May 24th, 2022. Purchased another 2040 shares on June 15th. https://www.sec.gov/Archives/edgar/data/1190089/000147450622000074/xslF345X03/primary_doc.xml
  • J
    J.D.
    Am I missing something? U.S. markets are open today on June 29, but there is no new trading information for PATI since close of market yesterday. Odd.
  • J
    J.D.
    As of June 3, Morningstar gives it a FV of $14.06, trading at a discount of 47%. Seriously undervalued.
  • A
    AP
    PATI is in a rough business - trucking has many issues, drivers shortage, always increasing cost to buy and maintain the trucks, increasing insurance cost etc. But the company has no debt and plenty of assets. It could turn out to be a good acquisition target, or pay more special dividends if they sell assets.
  • J
    J.D.
    As they are planning on buying new trucks anyway, wonder if they should be considering self-driving trucks for longer regional routes, allowing local human drivers to intercept and handle final off-interstate delivery....
  • M
    Michael
    One of the directors and 10% owners has been buying in the stock pretty aggressively…. I’m adding dribs and drabs when I can too…. I wish they had a more consistent dividend policy but they have no debt and there’s definitely value here…. Good luck to all!
  • J
    Justice Walsh
    I’m annoyed with how fast people sell dropping the stock more then the value of the dividends
  • J
    J.D.
    They have applied to the new Federal program for drivers and are addressing driver recruitment and retention, a serious problem that is industry-wide. This next quarter should be telling, as the entirety of PATI's driver fleet will have seen a pay increase by Feb 4. The focus on increasing dry bulk and water contracts means they can take on drivers younger than 21. I'd still like them to consider buying back stock and reissuing shares annually to their drivers as a retention incentive requiring, for instance, five years of service for vestment.
  • J
    J.D.
    According to Morningstar on 4/11, PATI is still trading at a 48% discount to FMV, shares held short are very low, P/B<1, and yet it trades over a small day-time trading range, with wide swings during after hours. Seems traders must be trading only for small short-term gains with no patience or desire for larger, long-term gains. Anyone else have any thoughts on this?
  • F
    Fishbone
    Isn’t date of record tomorrow? Why people sell today?
  • C
    Chad
    When is the ex-div date, I seeing three different dates searching the net.
    Neutral
  • J
    John
    is it just because of people selling?
    the dividend hasn't even happened yet ....
  • H
    Harry
    Any thoughts on the special $3/share dividend? As insanely frothy as the markets are right now, I wouldn't be surprised if momo traders chased this thinly traded stock up to $15-$20 right before the dividend payment
  • J
    J.D.
    According to Morningstar, PATI is trading at a 44% discount to FMV as of 3/22. Worth some consideration.
  • Y
    Yahoo Finance Insights
    Patriot Transportation Holding reached a 52 Week high at 16.20
  • J
    J.D.
    3x volume within narrow trading range. SEC may be watching....
  • T
    Tony
    Anyone buying this stock now that they had cancelled all dividends going forward?
  • Y
    Yahoo Finance Insights
    Patriot Transportation Holding reached a 52 Week high at 15.22
  • C
    C
    Book value is well over $16 per share combined. PATI has about $6 in cash. Basically no debt.

    They can still be in the market to add more to the business and grow. Additionally, they dropped a client that was basically break even for the company. I look for the next Q results to be much better
  • Y
    Yahoo Finance Insights
    PATI is down 7.30% to 14.23
Advertisement
Advertisement