I also have no intention of selling. In fact, I’ve been taking the opportunity to increase my holdings at a significant discount to fair value, as it will be far more challenging to do so after the final delisting.
I have no need for the funds in the foreseeable future, so I’m happy to hold for the long term. Eventually, there will be some form of capital return or a new takeover bid at a price that better reflects fair value.
For the time being, I’m happy for dividends to remain suspended while the company continues to invest in its operations and/or reduce debt. Although I disagree with the actions taken by the Board, it remains a company I’m proud to own with a bright future.
PGH Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
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