PDGE - for those who missed out on the run post Katrina and hurricane, PDGE is back down to 2.25 - .41.
They filed an S-2 for 16 million shares. I don't see anything new in it. This was all disclosed many months ago when the stock was much lower.
I suspect that many quick swing and daytraders sold just because they always sell on an S-2. This may be a buying opportunity as it seems that natural disasters are not going away. Mold remediation, a subset of PDGE's business, is also going to continue to thrive, particularly in the south.
The share count is I believe worst case about 30 million. If you say 64 million in revenues and .12 a year in income, that’s $2 a share in revenue. 30 PE=3.60 pps = 2 p/s. I believe these numbers are conservative and I've seen others with targets in the $5 range.
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