For those who think that the current price is a true reflection of PPX worth, you've got to be kidding yourselves. Think back to how the price surged to 8 cents the other week, then finished back at 6c. This is a small fluctuation in the scheme of things, and it can just as quickly rally to 8c tomorrow. This sort of uncertainty in the marketplace is expected. The smart ones (like myself) will be capitalising on the troughs, slowly accumulating holdings while the panic-driven impulsive short-termers "jump ship" - there couldn't be worse timing to sell.
What I see is a billion dollar revenue making company, with potential to improve its operations substantially over the next year with a highly committed (and educated) Board steering the way forward. With a hybrid deal still no doubt on the cards, jumping in at this price is actually a no-brainer for any investor willing to listen to the facts, not the noise. Price is doing better than any man could cutting costs and changing business patterns in Europe. There are profitable limbs still churning healthy margins in Canada, Australia and Asia, and a team of management working towards long-term survival.
We may have seen better times, but there's still a good chance that if this baby can turn, it will bring unprecedented returns for all.
SRS Price at posting:
4.4¢ Sentiment: LT Buy Disclosure: Held
