Savvy Trades and Investments

[Swick984]

PLPC - Buying back the PLPC that was sold in the $140's, $150's, $160's and $170's under $110 here. Quarter came in weaker than expected, customers inventory levels elevated, backlog down. A small position currently to keep track. Long-term I like their prospects, but short term there may be more weakness until their customer buying patterns stabilize.

At under 5x EBITDA and a solid balance sheet, I'm happy to wait and see here.