11-26-2013, 12:27 PM
(11-26-2013, 11:30 AM)fiveoh Wrote:(11-26-2013, 07:21 AM)NilesMike Wrote: Looking to add PM today, hopefully I get filled @ 86.00 for initial yield of 4.37%.
Good luck to all.
Do you see any short term catalysts that will cause PM not to continue falling? It's definitely getting into the "value range" but I feel like it will continue to go lower, since there are no positive catalysts short term that I have seen.
I agree. I don't see any catalysts in the near term, especially after reading their recent comments about currency headwinds. I'm still long and will be reinvesting dividends, but don't plan on adding any new capital. I think PM could be dead money for the next 12-18 months.
Still a great long term hold, but shorter term there are much better options out there.