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Wednesday, May 31, 2006 1:02:04 PM
Pilgrim is valued at $0.09 now. Well, to me that is much better valuation than $0.02 where it was couple of month ago. And you know what, if this is its value now, and with all the potential of more acquisitions and partnerships and higher oil prices and global demand I can only see the price it moving up.
OK, the company made a bang with the 900 number but they were honest enough to get accurate and more realistic valuation for their property. I think this is a huge step towards transperncy and good deeds.
SP will rebound in the next few days with more good news about the SEC reporting and more acquisitions.
Watch and learn.
Value trader
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