With PCG it is a matter of time. Investors, both punters and instos, have short term horizons - maybe 12 months at the most. Instos have to be because they get measured against benchmarks on a quarterly basis. This means that companies like PCG present good medium term trading opportunities. Hard to see any good news for the next 12 months, so PCG will probably continue to drift.
My view - put it down in your black book to buy around 1 month before the 2007 final year results - by then the poor 2007 year will be fully reflected in the price, but the market will not be focusing on 2008 and 2009. A lot can change and if it drifts too low, then I expect it will get taken out by an international competitor - anything below 45 cents is good buying in my view.
Cheers Monty
PCG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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