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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (53971)6/5/2014 4:50:20 PM
From: Wallace Rivers  Read Replies (2) of 78702
 
Call me crazy but I purchased some PF today, caught a falling knife in that food space. Granted, they are not exactly in the same food groups, but certainly some of PF's metrics are quite a bit lower than HSH (still with the offer to buy PF on the table, although extremely unlikely to occur).
PF P/B 2.36 P/S 1.53 PE 17
HSH P/B 12 P/S 1.82 PE 29
PPC P/B 4.31 P/S .81 PE 16 all per Yahoo, all forward PEs

PF is now trading low volume, probably not a good sign.
If the HSH/PF falls through, PF will receive $163 million, or .90/share. There is some chatter that PF may try to squeeze HSH for more if HSH backs out. The lawyers and I bankers must be having a field day with this one.
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