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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: keyners1 who wrote (22548)7/21/2006 2:04:13 PM
From: jayt   of 37387
 
No I'm not. The last time I think Morgan Keegan bought alot of the PP shares to build up their inventory. After that earnings report I'm sure they can find a big investor to take the stock....and they will probably get a significant discount to market price to take the whole block. Regardless of who buys the stock there will still be 2.5m extra shares added to the outstanding shares. All in all it is a temporary overhang. The long term is bright as ALY will be an INTERNATIONAL oil service play......just as soon as they close that DLS acquisition. 85% current exposure to natural gas drilling also puts a lag in the stock, because of the perception of a gas glut. First sign of a hurricane the story will change. Oh and the market is weak, and there is a gap needing to be filled too. RGRDS - JT
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