Only wish I had a crystal ball and had bought all mine for that price.
However, I still the break-up (not to mention strategic) value is substantially higher.
If the industry (and players) were in better shape I think PLA would have already been taken out. As I pointed out earlier, the macro picture is becoming a lot clearer and so now its probably only a matter of time.
If management were smart they'd look to find a small cashed up suitor and facilitate a reverse take-over. They certainly seem to like they're pay cheques, so there is big incentive to make something like that happen - sooner rather than later.
Oh, but then there is also the possibility of a complete company turn-around! Something the market has virtually discounted down to nothing.
Happy trading.
Gus
PLA Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
