Q: Hi Ryan and Peter,
I had been watching PHO for months. After their earnings call and the pull back and your words on earnings, I was encouraged and finally took a position at $1.80. I have averaged down during this pullback as I thought it was a bit "silly" as Nigel is just trying to temper expectations. They have no debt, nearly 40 cents per share is cash and a great gross margin. Am I correct in thinking the risk is the 3 companies that represent 80% of revenues and revenues dipping/not growing.
So a couple questions:
1. Am I misguided in my thought that it is very cheap right now and a couple more solid quarters would change sentiment?
2. Your past company report estimated value to be $1.93 a share. What do you believe the share price is now?
3. Who do you believe the key 3 customers are and do they have a chance to pick up more?
4. Do you know who their competitors are? I cant seem to find them.
5. At what point, would you "back up the truck"?
Thank you.
James
I had been watching PHO for months. After their earnings call and the pull back and your words on earnings, I was encouraged and finally took a position at $1.80. I have averaged down during this pullback as I thought it was a bit "silly" as Nigel is just trying to temper expectations. They have no debt, nearly 40 cents per share is cash and a great gross margin. Am I correct in thinking the risk is the 3 companies that represent 80% of revenues and revenues dipping/not growing.
So a couple questions:
1. Am I misguided in my thought that it is very cheap right now and a couple more solid quarters would change sentiment?
2. Your past company report estimated value to be $1.93 a share. What do you believe the share price is now?
3. Who do you believe the key 3 customers are and do they have a chance to pick up more?
4. Do you know who their competitors are? I cant seem to find them.
5. At what point, would you "back up the truck"?
Thank you.
James