HiI have been in and out of this stock. I buy in when it is...

Hi
I have been in and out of this stock. I buy in when it is cheap. It looks sound when you compare NTA to market capitalisation (ie the assets are apparently worth more than the total value of the shares). It has a low P/E (good). On the other hand it is cross-owned as part of the Washington Soul Pattinson family of companies. This includes Brickworks, Brickworks Investments, WSP itself, and others. Because of this strong cross-ownership the fortunes of the group are linked. It cushions bad times but also dilutes good times. It also means that a takeover offer is most unlikely to succeed. It has a new director with experience in the discount end of the retail sector which is where Priceline sells.

Last time I bought in the 60c range and sold in the 80c range.

On balance, it has been a good stock to buy at the right price, and I am currently on board. I will take profits if the P/E gets too high.