I do hold PVL though, some from the limited partnership days, and so will note the following:
1 The volume is really low
2They struggled a bit to get the float away, and probably pretty much soaked up any willing buyer in the process.
3This is really the first opportunity for those who were in the limited partnerships to sell, and no doubt a few must be keen to do so, as the scale, the ambition and the geography of the operation has changed, and it has changed to a listed company. Some might not be happy with all these changes, or indeed with management or whatever.
4 it only takes a few more sellers than buyers for an illiquid stock to drop.
I will consider myself a patient holder, and would only recommend the patient with a high risk appetite to even look at this stock.
EL
PVL Price at posting:
85.0¢ Sentiment: Hold Disclosure: Held
