PACIFIC INSIGHT ELECTRONICS CORP T.PIH

Real drop on bids

[supra82]

this mornin so far.
Any ideas as to why this is dropping so low?
Auto strikes?
Bad numbers leak out?
Loaded up at 12.97 last time, got nothing left.

[mjh9413]

First, a correction to report date. I think I said Sep7 but re-checking calendars it appears to be Sep16 (which actually accords more with last year.) Yes, auto strike will be a problem as any prodn delays will impact near term potential earnings but it is only Canada plants even though they supply I believe 18% of US auto prodn in total. Obviously don't know what form strike(s) may take if

[curiousbuild]

get used to intraday volatility. People are selling into market.. I see now it hit 13.50 intraday and closed much lower.. If you have long term vision I think this company is one of the bests out there.. This stock used to pull back 4-5 days everytime it made new highs, one of sexiest charts on TSX.. indeed it is more volatile after being top pick, I posted following day and expected the

[mjh9413]

$300MM market cap! Do you realise the price level you are depicting?Also doyou have a timeframe in mind? What other ratios/measurements are you estimating to say that? eom

[curiousbuild]

I have 5 yrs time horizon for that target and use valuations in sector. IF they can grow 10 to 15% organically a year+ may be some sweet deal acquisitions like my other holding $FTG.TO. When I look at HRX.TO , MRE.TO, MAL.TO, I think both PIH.TO and FTG.TO have potential to reach those levels.. I am also always bullish in this sector so I might have some bias.. I still regret not buying IRD.TO and