PDO - I agree with you 100% marvelmeister. It's just amazing that momentum players/funds can do with a low float stock with very little inherent value and poor prospects. While a .22 EPS quarter is much improved for this Co, it just baffles me that PDO has shot up into the $44's and investors continue to pump it higher and higher on a daily basis.
This stock WILL break, so maybe today is the day...?
You could probably create an identical writeup for FPP today. In fact, FPP's 12 month trailing P/E is actually worse than PDO's (89x vs 69x) it it made a whopping .04 per share last quarter. A share price of $7 is just ridiculous for this company, and the pump still seems to be "on". Plus, the float is 4x that of PDO (5.3m vs 1.4m), so I would think it would be that much harder to keep the momentum run going on this one.
I never could get any PDO shares to short, but I have a few FPP and am hoping I don't get stopped out before the back finally breaks. We'll see...
