GREY:PMGLF - Post by User
Comment by
deismanon Sep 28, 2013 8:31pm
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Post# 21775924
RE:RE:RE:RE:RE:Takeover price? $11
RE:RE:RE:RE:RE:Takeover price? $11Thats the stock market russmov. Sometimes its better to just take your lumps and redeploy your cash elsewhere. I took my first position in PMG at $20.00 In Feb/12. and my last position in March/13 at $6.75. Average cost for me is just under $11.00 but I've collected a good dividend while holding it. I would have added more last month but it already have too large of a position in my portfolio. I still think there is a lot of value there but Mr. Market isn't very forgiving when production continues to go down. I was prepared to hang in for 5+ years and I'm sure they would hit a good well or two in that time. If and when that happens things would turn around. They presently are worth at least $1B producing $908M revenue but are still trading at a measley $650M. Mr. Market does tend to over-react! Good luck and hopefully we get $20