Let’s take a deep breath. Am I and other Adelaide holders pissed and frustrated. Of course we are. Has the company suddenly become unworthy as a long term investment. Of course not. There are probably other stocks of better value currently with lower P/E that people are getting into. That is investing. PNV will be fine long term IMHO. If they achieve 25% growth then the price will increase no doubt. If holders can not wait by all means sell and invest in other stocks. Our colleague sold today as he needed the money and got out. He was holding over 500th shares. Had a good chat with broker at Shaw Partners today. 1.80 is probably fair value he feels. He also felt expenses going up and overall sales do not justify MC of 1.4B. Probably right. If you do not believe that sales will justify MC eventually of 2-3-4BM then sell and invest elsewhere. I will hold. Have held since 2008. By the way the quality of some summations of meeting is excellent, (Sojourner and Hottod). Lots to come for the faithful and those that can wait. regards Bill .
PNV Price at posting:
$1.47 Sentiment: Hold Disclosure: Held
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