Agree it's way to low, but snookered.
When they 53 million buy order falls away tomorrow I think it will fall into the 40's over the short term, esp with retail on the nose. Then a string of bad news, reduced dividend and further falls, and PE comes back a year later with a new bid in the 40s.
Good news for holders is that I didn't sell to the PE mob, unless they were in the market (but don't think they are allowed).
PGR Price at posting:
51.5¢ Sentiment: Sell Disclosure: Not Held
