RE:RE:RE:RE:question?I don't believe everyone NAFTA is the only thing going for PPR. But I also don't think those daydreaming thoughts of $1.00 are in the cards either. Yes, oil is good, but they have 60% of it hedged, so upside is limited.
Tax losses mean nothing if you do not have profits. They have not had profits for years. Assets worth more than stock? Debt of $113 million worth more than stock. Debt manageable with oil up? Only if gas price continues to stay above $4.00. That might make it break even, but does not reduce it by much. Every year it goes up due to inability to pay the interest on it. I personally am still long, but if it hit's $.30, I'm all out.