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Pinetree Capital Ltd T.PNP.DB


Primary Symbol: T.PNP Alternate Symbol(s):  PNPFF

Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on the technology sector. The Company's objective is to maximize shareholder value. It invests primarily in equity, as well as debt and convertible securities. The Company holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree Capital Investment Corp. (PCIC) and Emerald Capital Corp., and Pinetree Income Partnership (PIP).


TSX:PNP - Post by User

Post by Bullishbear13on Apr 18, 2019 1:49pm
396 Views
Post# 29645716

The remaining legacy stocks will be written off very soon!

The remaining legacy stocks will be written off very soon!Just like last legacy stocks writeoff from their balance sheets, the remaining legacy stocks write off witll downpressure the stocks to $1 or less.

You need to wait until that one is cleared completely. I would not touch this stock until that legacy stocks are writtenoff completely then this stock will be re-valued to at least to book value. Maybe $1.25-$1.40 but it will be $1 or less first before it recovers to $1.25- $1.40.

My target buying level is at $1 or less.

You need to be patient on this one. If you are holding them now. You need to get out then buy back at later time. 


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