I have
been following this stock for several years
and am rather suprised at the beating it is
taking. Last week the stock
fell 10%. J.B.Were and most other brokers
rate this either a buy or
an accumulate stock, yet it never seems to take
off. Last year it was fairly
volatile yoyoing between 2.30 to 3.20 but
now it just sits in the low 2s.
The
current dividend is very good and despite a downturn in
residential building, prospects seem
good.
The current
restructuring of the division briefly stirred the stock to life
but it has sunk back again.
Last week i recieved my annual bonus at
work and was seriously
contemplating topping up my holding. With the
markets now going mad
i will wait to see how low things go.
Hopefully there will be enough panic
to send the price plummeting even further.
There are
going to be so many oversold bargains around this week
that its going to be hard choosing which to snap
up.
On another
note i see bob jones is fed up with the hassles of
his own property investments and says its easier
to invest in listed property companies.
He sees PFI as a good bargain, fantastic yield
plus upward price potential, may
be a good time to seek comfort in bricks and
morter
nick
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