Bought Some at $2.53 Today
Happy to take some down today at $2.53. Following the big money with this play. 2 major holdings by Alfa and Betancourt (Ohara). Over 70% of the outstanding shares are in tight hands between insider's and institutions/funds. Alfa and Betancourt (Ohara) each have roughly $300 million invested into PRE shares. They are under water pretty big with the share price at $2.55. PRE's share price won't be $2.55 for long. It will be much, much higher soon enough. Alfa bid $6.50 per share last spring 2015 in a takeover of PRE and Betancourt (Ohara) basically busted the deal up as they wanted more than $6.50 per share. Then Betancourt (Ohara) started to buy even more shares of PRE on the open market to have even more votes after the deal fell thru and to have equal shares as Alfa. Both have almost the same amount of shares now (about 59 million shares and that cost them both over $300 million each). These type of big players don't lose on their investment's and $6.50 per share wasn't even enough for them. I am following the big money in this play. This will not go bankrupt. It will get taken out at a premium way before that happens.