Whether the stock drifts lower is anyones guess with 5 rigs cranking out spod intercepts. I dont think thay PLS arent in a position to make a play on PMT. Dale is a rookie CEO and wont be splashing out billions and its not a current priority.
The new M&A guy joining the team will be advising Dale - what they should be doing now is taking a small position just like MIN but instead are sleeping at the wheel building their cash position month by month.
Ellison is a shrewed operator, he screwed Ken a few times over and it will be interesting to see how he plays this one out.
PMT Price at posting:
$1.70 Sentiment: Buy Disclosure: Held
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