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PACIFIC INSIGHT ELECTRONICS CORP T.PIH

"Pacific Insight Electronics Corp is engaged in providing electronic solutions to the automotive, commercial, and specialty vehicle markets. It manufactures & sells LED lighting products and systems, electronic control modules, and wire harnesses."


TSX:PIH - Post by User

Post by challenger426on Sep 19, 2016 11:55am
155 Views
Post# 25251993

Good buying opportunity here

Good buying opportunity here
It looks like a good buying opportunity at this level.  I've been following this company for a while and mentioned it as a double around $6.00, then sugggested we could see a triple from that number.  Unfortunately, Bruce Campbell and his followers recently jumped aboard which helped bring the share price up to $15 but those shares were not in "long" hands, just quick traders.  Now with the share price back to $9.60 after good but less than stellar financials, I think this is a nice entry point.  Even with an EPS of 30 cents/qtr, that's a $12 stock using a 10x multiple.  Now trading below a 7x multiple seems like a good bet going forward in my opinion.

Some good news....GM is in talks right now and making progress as the deadline approaches.
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