Q: Your current opinion please. Thx
5i Research Answer:
We would reference our Sept 21 and October 7 answers as well on PNG. Views are mostly unchanged. The stock, at $2.00, has done well since the $1.60 share issue. The deal was upsized to $45M, indicating good demand. In early October it won a $13M order, adding to prior orders already announced this year. Market cap is now $350M, a level which can bring out new investors as liquidity improves. At 27X earnings it is certainly not cheap but priced 'ok' if it can achieve its expected growth potential. For a small cap, we like it.