GREY:PNDMF - Post by User
Comment by
paperbullon Nov 13, 2013 1:50pm
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Post# 21902416
RE:Samsung Partnership
RE:Samsung Partnershipanything's possible vl1939 - but I think the takeover chances have sailed.
I started buying into PNI early March and added a few times while it sank to basement. Back then both the P/B and P/S levels were around 50 cents to the dollar. Prime takeover time and it didn't happen. Now trading ~ $2.50 and $1.50 respectively so it won't go cheap if a buyer does come and that changes the lineup of suitors.
I cashed out before SP hit .40 and was happy. Hindsight is 20/20 and I obviously missed a 2.5 to 3 banger but that's the chance you take. My investing rules require me to cash out after 20-25 pts gain if the P/B value surpasses $1.00.. That's an important barrier for takeover bids and helps find those wonderful mornings when you see a 35-45% jump overnight due to offer.
GLTA - paperbull