Marty, PV is a good co., but the stock is totally a supply and demand story that has gone nuts. Basically, most German institutions could not buy it in the form of NYSE ADRs, or, if they did, had to treat it as a foreign co. By listing on The Frankfurt Exchange (The Neuer is just a marketing ploy to make people think they have a bunch of hot stocks, which they do), PV was suddenly in demand by many investors who have less brains than cash.
I have no problem with the co. whatsoever, but I think you have to be nutso to buy a stock that has gone up like this. At least Presstek had a story. It wasn't true, but it was a story. PV doesn't really have that strong a growth story. Of course, the story they do have is probably true, but this looks like one of those Motley Fools/Cabbage Report stocks, and I'd look for this one after the air has gone out of it. MB |
