It's really at a nothing price right now.
If there's negligible impact from government policy changes, PRY is trading at an all time low P/E.
If the there is impact, then earnings could easily take a 20% hit and more.
All it takes is for one investor to be in the former camp and it's a bargain.
The other thing I've gotten advice about is its lower cash flow compared to NPAT, specifically to do with the accounting for the up front contract fee (500k last time I read) to new GPs, which is counted as an acquisition asset rather than a contract expense.
Possible Takeover Target..Maybe??, page-7
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$1.40 |
Change
-0.020(1.41%) |
Mkt cap ! $1.016B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.38 | $1.875M | 1.341M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7312 | $1.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 13653 | 3 |
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