Graham said:"ASF - you may just get lucky. Merrill Lynch put out...

Graham said:

"ASF - you may just get lucky. Merrill Lynch put out a research doc on PPX yesterday. A BUY recommendation with a target of 65 cents."

Are you sure that recommendation wasn't for PXUPA, Graham? PXUPA might get to that soon! Re PPX, 65c? Extraordinary! I do hope it gets there, though.

A new ANN out with Goldman Sachs reducing their holding in PXUPA again- now they're down to 5.06% (from 6.07%). I do wish they'd get it over and done with. More pain to come from their selling, perhaps. They still hold 144,110 (from 173,00 prior to this ANN).

http://www.asx.com.au/asxpdf/20110705/pdf/41zm5vwk7kwdb2.pdf

Have any long-term holders of PXUPA ever seen it looking as distressed as it is now, since it's been paying distributions?