ARM - has sold out of its GMR holdings now. Should have approx. $3.9m in cash - will be confirmed when qtly comes out. IMO they are shaping up for an acquisition or substantial project of some kind. It's still hugely below its nett tangible asset backing even after PDI's blip.
On that note - PDI is just a good trade opportunity, patiently waited on the sidelines and will be watching like a hawk
Day Trading 27 July Pre Market, page-24
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