Seems like a stupid move on DRAD's part. PDII has a bunch of cash, but their business is losing a bunch of money. And I don't understand their approach. Let's put out a PR announcing our intent to acquire PDII. Already this morning PDII says they're not for sale. What a waste of time that was. And I think PDII is a big Eberwein holding. Seems incredibly self-dealing.
DRAD earnings this morning stunk too. Earned .05/share in the quarter. Revenues up from the acquisition. But the rest of the business isn't growing. And the guidance is still poor (I was worried about the weak guidance after the Q2 report). Looks like they're only expecting earnings of .01/share in Q4?
I'm surprised the stock is holding up so well in the $4's considering it ran up into earnings. Dividend is still attractive, but I wouldn't want to own a business that isn't growing at a rather high P/E.
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