is pxupa a buy?, page-41

boomer, thanks for your post. I guess the other alternative is that PPX gets taken over by private equity or other paper people. I saw reference to another paper takeover somewhere recently on the net, so it could be one of those industry cyclic things. I've seen it said that the hybrids would act as a disincentive to a takeover, but hybrid debt is the same as other debt obligations, and leveraged buyouts are pretty common these days.

On the ords, there was relatively big buys and money put into PPX today. Good to see.