Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

I must say.
This is the most undervalued company I have ever seen trade.
There have been so many positive developments over the last year, I wouldn't even know where to start to mention which one.

This company has already announced in a past press release:
Phoenix expects revenues through the 1st three quarters of 2006 to be above $125 million, and is anticipating revenues for the 4th quarter of about $81 million. This number was revised down because of slumping natural gas prices. Total revenues for 2006 are therefore expected to come in at about $206 million. Because of a substantial profit to be realized at the Best Jets Group of Companies, net pretax revenues of Phoenix could reach 10% of gross revenues.

Just on sales and pretax revenues the stock should be trading somewhere around $.18. I expect 2007 to be much better. Expect that we'll be doing much better with Pro-gas, Best Jets will be better, the gravel business better, and now our home construction business. These are only a few the divisions, there are many more.
With any more good acquisitions and with all our divisions kicking in I would not be surprised to see the company doing over billion in sales either by the end of 2007 or in 2008.
At that point I would see the stock having fair market value closer to a dollar.

I am 100% convinced watching the stock very closely over the last year, and all the trading that has taken place. That there is a very large short position out and that the shorts are trapped. This new preferred share class which is going to retire large amounts of shares back to the treasury is a great idea. Is only adding fuel to the fire for the shorts to have to cover. I think it is inevitable that they will cover. They just hate that dreaded moment when they are going to have to lose a fortune lose a fortune on this one, and rightly so. My estimation is the naked short is twice the float. If we have a good turnout for the preferred share class I think this is going to put more pressure than ever on them. I personally keep buying every single day. Every technical indicator tells me that this is 100% buy, every fundamental reason tells me this is 100% buy. PBLS is by far my largest holding. I've never seen in my history of trading for the last 12 years a company that was more undervalued based on just fundamentals alone.
I'm sure when the company is done with their acquisitions, is when they will will try to become fully reporting. I just know talking to management is much easier to acquire companies when you are a pink sheet as opposed to fully reporting. But they know to get maximum value for their stock they will have to become fully reporting. They are absolutely going to become fully reporting, but not till they are done during acquisitions. That's fine by me. The more time that goes by, the more this company becomes a powerhouse. The more pain the shorts are going to experience when they do finally have to cover.
Good luck to all longs. I think this is going to be the best investment opportunity ever given to each and everyone of us.
Hopefully we'll make the best of it and can take a sizable position. I know I did.

The link below on the technicals are very signifigant.
The fundamentals are also screaming out that this is a buy.
Evey day I keep nibbling. Cost dollar averaging up. Fine by me. Buy the way that is the smartest form of cost dollar averaging even thogh very few people do it. Better to buy strength then weakness at least technically. These rules don't apply as strong fundamentally.

http://quote.barchart.com:80/texpert.asp?sym=PBLS