posted
not a bad day for PDGE, back solidly above 2 again.
yeah bucks that was probably UM's best game of the year, vs. NW; though the offense still struggled. surprising game from OSU in a number of ways: gave up almost 400 yards passing, but you're right their offense looked quite good.
UM/OSU is drawing near, should be a good one. this will be the 9th one in a row have gone to in ann arbor (7-1 so far) though have never made it down to the 'shoe, would like to sometime. my biggest worry for this year is: holmes, i admit that guy scares the crap out of me! not sure UM has anybody that can cover him.
Posts: 1698 | Registered: Mar 2004
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good luck on saturday, osubucks, should be a great game. first time in almost 10 years that UM is a home underdog: OSU favored by 3. and probably rightly so: UM's offense has been very inconsistent this year, and clearly OSU has a top defense. will be tough for hart to get many yards on the ground tomorrow, and if henne is off then it may be over quickly. but - as you know, in The Game you have to throw records and stats out the window, you never know what will happen. we shall see how it goes, can't wait!
Posts: 1698 | Registered: Mar 2004
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posted
congrats on the win osubucks, was a very painful day to me. i have to hand it to smith: he was downright brilliant in the 4thQ. a long offseason of discontent in ann arbor...
Posts: 1698 | Registered: Mar 2004
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posted
PDGE been pretty perky lately, back up to 2.30. still holding. PR'd some new contracts a few weeks ago.
10K not due for quite awhile, will be interesting to read. will include at least some flagship revenue. maybe it'll start to answer the question: was the dilution in shares to acquire flagship, worth it in terms of the accretive earnings potential? we'll see.
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posted
PDGE still sticking around in the same trading range - 2.27. odd volume patterns: some days only 500 shares trade, some days (like friday) literally 100x that amount trade (547k shares on friday).
still hold about half of my PDGE. 10K not due until early may
Posts: 1698 | Registered: Mar 2004
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posted
started rebuilding my position here late last week, now back up to about 60% of the amount that i held at one time. can't resist adding on the pullback to the mid 1.80's. i guess there must be gnashing of teeth going on leading into the 10K due may 2, but - i think the numbers will be pretty good. share count will be significantly higher than last year, but - revs/profit will also be added to by flagship. we'll see in about two weeks.
Posts: 1698 | Registered: Mar 2004
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posted
edged up slightly over $2 on the news, then subsequently edged slightly back under $2 as people fretted over holding into earnings.
has really been a long time since any kind of Q or K from PDGE - dec14. today before market open, they will release the numbers - should be interesting.
i don't mind holding into earnings because - it is a long-term play for me. i did swing-trades on half my position, but - the other half is long. i'm of course hoping that the numbers released today will be good, but - am not going to hit the panic button if they're a little disappointing. i like their long-term prospects and want to try to look at the "big picture" here. i think to some degree a disappointing Q has somewhat been "priced in" already, people have seemed very nervous about holding. we'll see how it goes today.
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posted
hated to do it, but - dumped right at the open, will look for dips to buy back on in the future
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"clearly 4thQ was a major disappointment, is no doubt going to gap down at the open"
Their numbers are not that bad. Quite the opposite, they are reporting the expected. Costs for their "flagship" purchase and expansion into other states are as expected.
Only true loss I find in their report is the cost overrun for an abestos contract. Appears they did not quite estimate costs correctly.
All else looks very good.
This current .36 drop in share price is overkill, most likely panic amongst newbie traders. PDGE remains a good buy. I am looking to buy, today. I expect a decent rebound in the next few days.
posted
only had 5 min to read and decide what to do, too many meetings this am. i wish all PR's would be released after market close so that more time to read, ah well.
in any event, i was expecting a drop to 1.50 range, so figured getting out at 1.78 was the best i could hope for. will review in more detail tonight, and hopefully be able to pick up again. i like PDGE, frankly it bugged me to sell it.
Posts: 1698 | Registered: Mar 2004
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posted
Blue, Purl I went to the Flagship building that I had talked about a couple of months ago, found out that they have a warehouse there but they dont operate out of there. The site here in Arlington, Tx is their headquarters, theit sales, accounting, contracting and other main operations are taking place here. their field agents are out all over. Dou you guys have any questions? i'll go out there and find out.
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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i agree with you to some degree Purl, some costs particularly related to flagship acquisition and other new offices are to have been expected.
but - at least imho i honestly wasn't expecting a loss that wiped out half of the year's profits. my guess on the range of results was anywhere between a loss of .02, and a profit of .03. clearly my own research/guess was inadequtate. but, have discussed PDGE with quite a few sharp people, and none of them were expecting a nickel loss 4thQ.
still quite a few positives with PDGE: strong backlog, growing revs, positive guidance. i still like the flagship acquisition/diversification of business.
but - in my mind at least, some negatives that have to be considered. the leading one: margins. has always been a nagging concern - one that wasn't abated this past Q. maybe not the greatest private placement terms.
if you pressed me for a "summary", i'd say that in my view today that: before the Q i felt PDGE was worth 2.25, after the Q: 1.75. because i think will bounce around a fair amount, will look for reentry at roughly 10% under what i feel they're worth, or 1.58 range.
really i never went into today expecting to sell PDGE, still disappointed over that. have owned/followed it for literally years, still like them. just struggling along the best i can to try to value them properly.
actually am suprised PDGE held up as well as it did today, i was honestly expecting a 1.50-1.55 close. which would be an overreaction, but - my experience is that most investors don't dig too deeply, and mostly simply look at the bottom line.
Posts: 1698 | Registered: Mar 2004
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posted
Dusty, I took PDGE off my live feed when volume fell away. Volume is not enough to play PDGE these days. I am watching for any news release which may excite buyers.
posted
Got me periscope out on this stock......Will DD it 'mo betta" as an Hawaiian might say....
Pre-lim look at chart is very interesting how the bugga built....Got Holst on, makes me want to hunt down stocks fer some reason..Pri-mor-dee-le ?
Posts: 10729 | From: oregon | Registered: Feb 2005
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