Dale, are you saying that the only reason that you did not go long PGTV is because of high market cap per subscriber (that's a new mesurement for me)? What about the horrendous debt load, coupled with the negative cashflow, on top of the fact that the more revenues the company generates, the further away it becomes from being profitable? What I find particularly scary is that current ROA, ROE, and ROI are all almost twice as bad as their three-year averages.
Speaking of Market Guide, it does classify PGTV, DISH, and GMH together in the same industry, unlike Telescan. Looking at this Ratio Comparison, how do you personally think PGTV stacks up against its peers?
marketguide.com
Of course, you know these companies, and that is an obvious advantage. But perhaps some kind of warts are easier to see if one is standing farther away. <g>
jbe
P.S. Thanks for the description of the squeeze play strategy. I'll bet the squeezers leave not just the shorts stranded, but also all the poor folks who innocently rushed in to join what looked like a promising feeding frenzy. How come the folks don't get just as mad at the squeezers as they do at the shorts? |
