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Microcap & Penny Stocks : Pivot Technology Solutions, Inc

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From: wookie943/8/2016 8:04:52 AM
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As many here will know, Jason Donville was on BNN last night. Because he had PTG as a top pick a year earlier, he discussed it at length.
In the Stockchase summary below, the last sentence is both confusing and instructive. If he knows what he's talking about, then their business is doing great. 4 cents a share payout and still a low ratio!
He still owns it...


"Has been a really frustrating stock, because they have a nice sustainable dividend yield of 9%-10%, but management recently attempted to do a transaction which would essentially allow them to buy out the company for next to nothing from shareholders. Feels the stock is weak right now people are concerned that management is not working in the best interests of investors. He has similar concerns. There is a dark cloud hanging over the management team. Thinks there will be some resolution on this. Just raised their dividend again and the payout ratio is low, so there is no dividend cut coming."

btw The stock has been selling off for the past several days. Rumor has it that the O'Leary holdings are being liquidated by Canoe group who just took over management of the group of funds. They should be done soon!
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