That's a 5% turnover day, excellent. Hopefully the seller who wanted to move some volume is now done. This week has been weird, just keep in mind this company is on track for +$175M cash in bank at the end of this quarter, a potential buy back scheme before year end, Why?, because PNR is on track for circa $400M in cash by the end of FY26. After all their expansion plans are funded they are still making oodles of cash. This will be aided in FY26 as they have +$200M in tax losses which means they most likely wont be paying tax. They are about to enter the money printing phase and they have such an asset that it should take all the attention, ie no crazy corporate ideas because they have money burning a hole in their pocket.
PNR Price at posting:
$3.26 Sentiment: Buy Disclosure: Held
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