PIH.TO (PISEF)
I was an active purchaser of PIH.TO (PISEF) today in the 8.70's and 8.80's. Here is what I like.
1) PIH.TO is oversold with and rsi of 26, and is down from $15 in early august.
2) PIH.TO earned $1.42 for the FY hence this great growth story is trading at a PE of 6.
3) PIH.TO is and exciting play as autos move to being more electronic, that is a long-term and current trend that see helping PIH.TO for years to come.
Now your gonna ask me why did the stock sell off. Well q4 had lower GM primarily which cost them about .06 due to starting up new programs, of course in a business like this those programs will probably help them in future quarter as they go further on the production phase, but occasionally a quarter here and there will have lower GM due to this. And this is a great opportunity to get a very good price on this company, which I feel FV is around $15 in my opinion. All is just my opinion, and I could always be wrong though.
