GREY:PEYTF - Post by User
Comment by
jdn55on Oct 02, 2012 12:21pm
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Post# 20437991
RE: RE: Re: High Yielding Stocks..
RE: RE: Re: High Yielding Stocks.. I agree when comparing "apples for apples" you can't compare PBN to PLT but PBN is a very good very recent example (not 2008, gwplant) of a stock that got hammered down to the point it was trading at a totally irrational price. Those that had the courage of their convictions to buy PBN at $6 - $7 have done very well. I still believe PBN is undervalued when compared to the likes of CPG.........or maybe CPG is overvalued????
PLT can't be compared to PBN but I do think our SP is getting into irrational territory. NGL pricing is what for the most part drives PLT's market cap not NG prices and NGL pricing is depressed but hopefully have bottomed and started to turn around. IMO with their hedges in place PLT can ride this out until NGL pricing firms up and in the meantime I'll just collect that monthly dividend.
If you've done your DD and are comfortable with what you see you can't be afraid to go contrary to the market or you'll never make money. My opinion only but one that's shared by many. Disclosure: I own both PLT and PBN.
GLTA