09-16-2016, 04:36 PM
I own PII and plan to continue holding it, but it has seen its share of struggles recently. It had some poor execution with new facilities, some issues with new products, and has also struggled against weakness in snowmobiles due to last years warm winter and with poor sales to the ag and oil & gas industries.
I continue to think it will work through the problems and be a good company to hold for the long term, but I have no idea where it will go in the next 6-12 months, it certainly could go lower from here yet. The current 3.1% yield is a about as high as its ever been for PII though, it may be worth starting a position.
I continue to think it will work through the problems and be a good company to hold for the long term, but I have no idea where it will go in the next 6-12 months, it certainly could go lower from here yet. The current 3.1% yield is a about as high as its ever been for PII though, it may be worth starting a position.