PRT is down 15% today. The market was expecting a merger/acquisition and had priced it in the Sept up trend.
PRT is still a strong company. Although Q1 revenue declined 19%, PRT was able to reduce its debt by 43% to 36.9M and yet pay a dividend (whilst paying the license fee). Doubt if any competitor even managed to come marginally close to that result.
I had the chance to load up with more shares today. IMHO I reckon PRT will be trading upwards of 50c by end of this year. As Mr. Buffett says "Be greedy when others are fearful"
DYOR & GLTAH
PRT Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
