If PGC pull off a large deal that accelerates the time by which they achieve their target goal of 250 M revenues at 15% margins do you think a capital raise will be well supported by the market? They do a good deal they will get a raise away easily. There are not many things that the market loves more than a trans-formative earnings accretive deal. I'm actually not a great fan of raising before deals. It can signal a few things but that is another story. I think PGC is cheaper on a current basis and also if you care to factor in value for future deals. That said I own both, and think both are undervalued.
ZNT Price at posting:
$1.26 Sentiment: Buy Disclosure: Held