Was wondering why the stock dropped suddenly yesterday...hearing
a hedge fund got a margin call on an oil deal and was forced to
liquidate shares to cover the call. Not sure the fund has completed
selling but I was a buyer yesterday and today on the dip.
Company reports on Monday and I'm holding through earnings on
Monday 8/8. The stock trades at a substantial discount to
others in the Russell on Sales and EBITDA/EV (Enterprise Value).
Remains a fundamental core holding of mine. Was fortunate to sell
some into the pop before I went on Vacation. Actually wish I was
even more aggressive yesterday.
PRTS Comments
Posted by steve on 3rd of Aug 2016 at 01:00 pm
PRTS - Chart Link
Was wondering why the stock dropped suddenly yesterday...hearing a hedge fund got a margin call on an oil deal and was forced to liquidate shares to cover the call. Not sure the fund has completed selling but I was a buyer yesterday and today on the dip. Company reports on Monday and I'm holding through earnings on Monday 8/8. The stock trades at a substantial discount to others in the Russell on Sales and EBITDA/EV (Enterprise Value). Remains a fundamental core holding of mine. Was fortunate to sell some into the pop before I went on Vacation. Actually wish I was even more aggressive yesterday.
Same here, bought yesterday
Posted by bearcat4 on 3rd of Aug 2016 at 01:04 pm
Same here, bought yesterday
PRTS - thanks for the news
Posted by bluezango on 3rd of Aug 2016 at 01:02 pm
Thanks for the news, theory, and explanation. Thanks steve. I was a buyer also.