According to Zacks, earnings were due today, Monday 7/27. But I've also heard that PHP said by Wednesday, which is 90 days from end of April quarter, a deadline, I believe.
I'll bet PHP is waiting until they're done scooping the rest of the common (at minimal expense now), and wrapping up the preferred buyback, before releasing numbers, since they'll be VERY GOOD numbers. Kluge and PHP have pulled at least 3M shares out of the float, and over 4M overall off the market, by my calculations. There are 3M - 4M shares still shorted, and none available for shorting anymore.
With the preferred issue essentially settled, no future dilution, blowout earnings and solid cash flow about to be reported, and newly acquired HIP centers ramping up efficiencies rapidly, PHP probably knows PPH will likely take off after numbers.
They don't mess around. They squeeze every nickel. |
