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PGH Stock


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2012 Oct 12, 4:12pm   2,781 views  3 comments

by Eman   ➕follow (7)   💰tip   ignore  

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   2012 Oct 13, 7:53am  

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   Eman   2012 Oct 14, 4:12pm  

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   2012 Oct 15, 1:36am  

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.

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