Feb. 21 at 4:26 PM
$PD The market cap is
$600 million, which is basically our cash balance. Once you subtract long term debt obligations we still have net cash of
$300 million dollars. The price action is telling me that they are using their
$200 million buyback very sparingly. How does this not then get acquired? It has a net income of over
$1/share in 2026, meaning it's netting
$100 million per year. So in 3 years, a buyer would get the entire company for free. Nothing making sense in this market anymore, just a playground for the super rich.
