Hi Jayneen....one of the PDZ true believers if there ever was one.
I only weep if I see an undervalued quality situation that I don't back, and then live to regret it as that underlying value (which i knew was there for the taking) gets priced in by the market.
I don't see that quality in PDZ's coal asset, so FOR ME, PDZ is just an over priced stock, and if it keeps going up, it just becomes even more overpriced.
Might have it all wrong (which happens a lot), but happy to stand aside and let the market play out as it sees fit. I won't be kicking myself on this one either way.
PDZ Price at posting:
74.0¢ Sentiment: None Disclosure: Not Held