I added another chunk of PCMI. Puzzled by the relentless selling despite the stock being super cheap. Who sells a stock with a 52-week range of $9.40-$31.20 at $9.45? Not for a tax loss either. To buy what?? Are there that many Nasdaq stocks in the $9's that could earn over $2/share this year? If so, would love to see that list.
Even if PCMI misses Q4 guidance slightly, I would think that's priced in and then some. But who knows...maybe the stock gets hammered again. At least we can look forward to what should be some better comps in 2018. Company said Q4 would be the last of the unfavorable GAAP comps due to the non-consolidation of NCE in 2017. Plus while Q4 guidance was solid, there was a large recurring order that slipped into Q1. So Q1 could be stronger than usual, and a great comp vs. last year.
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