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PGH Stock

By E-man   Follow   Fri, 12 Oct 2012, 11:12pm   475 views   3 comments
In San Jose CA 95131   Watch (0)   Share   Quote   Permalink   Like   Dislike  

I used to own this stock when it was paying a lot of dividend. Not sure how I came across this stock this morning, but I bought 1,000 shares of it at $6.41 after a quick look at its balance sheet.

It pays dividend on a monthly basis with an annual yield of 7.7%. It has a book value of $8.70. Although it has been cutting its dividend, the projected growth for next year is not bad.

Any thoughts on this stock? Thanks.

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1. Patrick Follow Befriend (54) 5,191 threads 6,158 comments 46 male Menlo Park, CA

   1   2:53pm Sat 13 Oct 2012   Share   Quote   Permalink   Like   Dislike   They have a P/E of 111. I don't think they can keep paying that dividend unless things change. http://finance.yahoo.com/q/ks?s=PGH+Key+Statistics

2. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   2   11:12pm Sun 14 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike   Patrick, I agree that the dividend might get cut. I like the fact that they are projected to make 21 cents next year instead of 4 cents this year. That's over 400% earning growth. While you're looking at the trailing PE of 111, I'm looking at the forward PE of 31. Thx for your input though.

3. zzyzzx Follow Befriend (9) 416 threads 4,138 comments Baltimore, MD

   3   8:36am Mon 15 Oct 2012   Share   Quote   Permalink   Like   Dislike   If you buy this stock you have to be hoping that the price of natural gas goes up. It will eventually, but it could take a long time.