Agree. If this stock did not have a majority holder, the price would be significantly higher and a great takeover target. This company is performing well in a tough environment and is continuing to make good acquisitions that give it significant upside when conditions improve. We all know that discretionary retailing is highly cyclical but that goes both ways. We are at the bottom and the upside is substantial over the next 3-5 years. Coliseum will no doubt want to pick up the rest of this on the cheap (including to delist and save the listing costs), but as long as the remaining holders don't fold too easily and let them get over 90%, there is great upside from here.
PGR Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
