PKGFinally bought back into PKG on the recent consolidation at high .20s and admit base looks pretty good. Probability of further pullback is low IMO and didn't want to miss the next leg up.
Last summer bought at .20 and later sold mid .30s (after pullback from the .40s). PKG could easily 2x this time depending on market conditions. Amazon contracts, accellerated rollout and GTA launch are all in the cards.
When market confirms $12 M revenues 2019 is possible SP tops $.80 IMO. GTA launch Q2 would set up 2nd half 2019 and go a long way to accomplishing this, never mind the other 5 or 6 cities they are launching. I give them >50% chance of landing another Amazon contract in the next quarter. However GTA launch WITH an Amazon contract puts SP easily over $1.00 because it is literally 4 x the Vancouver market and would add min $4 M / qtr or $16 M / yr run rate within 12 months by itself. That scenario would put run rate $25M 12 months after GTA/Amazon launch and SP over $1.50
Low .20s traders are pretty much out by now I expect. New developments with thin asks remaining mean any uptick in volume will send it up.
Merc