PRN 1.93% $1.06 perenti limited

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  1. 539 Posts.
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    This stock is a boomerang. Back down again.
    Buy side thin, looking to buy in on weakness.
    Company looks ok in general. The AMS fleet purchase hard to find info on. Purchased at a bad time and spreading themselves thin, however the forex to USD was good when purchased. Not sure if the fleet is generating income / paying for itself?
    Company on a capex spend and hopefully each purchase is prudent. Plenty of opportunities for companies with cash.
    Looked through an annual some time ago and spotted the MD leasing space to the company for years. Free cash, maybe this is one area to save costs long term. Many picks n shovels stocks lower. If she falls to high 70's, i'm accumulating.
 
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