Just did some research this morning looking into VEI and PRY...

Just did some research this morning looking into VEI and PRY looks like PRY has a number of options takeover rules are as follows:

1: anything under 5% doesn't need public disclosure
2: 5% - 20% public disclosure is required
3: 20% - 90% a takeover bid is required unless they use the creeping acquisition clause where they can acquire +3% for every 6 months after. only then are they required not to launch a bid.
4: 90%+ compulsory acquisition.

They could continue slowly accumulating with the creeping clause but I think this is unlikely, but what is most likely in my opinion is they will launch a takeover soon. The second most likely scenario (the one I hope they do) is to just sit on their near 20% and enjoy the ride to well over a dollar, unfortunately I think PRY are not like that and are prone to takeovers and acquisitions.

So to recap here is a company VEI which is looking at having 9 cents eps for the full year and cash flow double that they have about 13 cents per share in cash on the balance sheet and ROE of over 20%. They have more than 80M in debt but from my research it's looking very likely that it will continue to get rolled over (potential upside catalyst when it does) and that's the catch it looks riddled with debt but the debt is getting paid of rapidly plus a behemoth is on the register possibly ready to offer a takeover if the worst happens in not rolling over the world debt which is highly unlikely. So it's currently trading at PE 3 PC 2 ROE +20% they are well cashed up and a behemoth on the register in my opinion looking for a takeover. The downside for this is very limited yet the up side is huge over $1 in my opinion, the so I urge you to seriously consider VEI so that it doesn't get taken over at a low price.

Disclaimer : I have VEI stock, this is NOT advice, this is only my personal opinion.