To think that the share price was over $2.10 a year ago, and a couple of months ago in March $1.30. The share price is certainly in free fall at the moment, and the end does not look in sight. I vividly remember the share price plunging from well over $5 in mid 2008 to 80 cents in March/April 2009, and then rebounding somewhat back up to $3 within 3-4 months. I've seen poor sentiment drive this stock low before, only to recover, and I'd suspect the bottom is close. I'd guess around the 85 cent mark, in other words soon. So like you, it's my quess on a reasonable price target. The one thing I am confident on is that it will rebound strongly this year, so it seems like a good time to enter to me.
PAN Price at posting:
93.5¢ Sentiment: LT Buy Disclosure: Held