Unless you know the buyout is for certain, this is very risky. The whole year insiders have been dumping, they just cleared house of their directors, brokers lowered their rating (Sept 30th), and they are losing LOTS of money...all of this AND the presence of daytraders already positioned...
Here is a post from Yahoo that probably sums up the problems..
This is pretty funny. We have a new set of deluded postings about the white knight to save PRG. Go back to Gilleland's first days to see the same incorrect dribble about him. Those of who know Meyer (but do not work for him like a few transparent posters here) are totally unimpressed. Incidently, describing him as one of the best retinal surgeons in the world is absurd and laughable, but forgivable
from a sychophant like the poster.
One has to wonder what is going through Dr. Robert Osher's head. He is currently suing himself! As the head of PRG's largest practice, he has initiated a lawsuit against the company. Now he is on the board! Now Dr. Osher probably is one of the best cataract surgeons in the world by general consensus, but his qualifications for running a company in turmoil are questionable.
Doesn't anyone here see the irony? PRG failed in large part because it originally had a doctor filled board. These guys had never run anything but their own practices, and were a joke. Management simply had them rubber stamp everything. Now, we have a new set of doctors on the board, and a company in a death spiral.
The other news bit is the announcement that several Florida practices have now joined most of the Houston practices, and have stopped payment to PRG, and have declared their deals over. These practices represent a large % of PRG's overall revenue.
I have never owned or traded PRG stock. I am simply telling you the way it is. This thing is dying.
Bow to me, for I knoweth the truth.
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