PNWIF opened today pretty much on yesterday’s close. Just as I suggested in today’s edition, I jumped in for 5,000 shares at $3.75- I believe it was the first trade of the day.
The stock did not gap open, which I believe is the ideal scenario for investors looking to participate.
Here’s a quick chart:
I would be a buyer anywhere under $4. If this news gets the recognition it deserves, a NASDAQ listing should be forthcoming with a reasonable amount of time above the $4 threshold, then higher levels beyond $4 with Costco US, Sams Club US, and China Kodak adding to revenues.
Hi Larry, in your email bulletin this morning you stated that PNI will be deployed at 4000 Kodak China stores. This was not in the press release so where did you obtain this information from? Thanks, Wes
Editor: I did my own research on the total number of outlets- there are 4,000 of them, but only 800 will be hooked up this year. Brokerage firm Merriman estimates this new relationship will only add $.03 EPS to estimates of $.30 EPS in 2009- total $.33 EPS in 2009, which starts Oct 1. Perhaps an $8 to $10 stock on those numbers?