Sharing article that reports the recent insider buying activity.
http://www.financial-market-news.com/patriot-national-inc-pn…
Specifically, Director Charles H. Walsh purchased 50,000 shares of the stock in a transaction on Thursday, March 3rd.
He only had 20,000 shares prior to his buy.
It’s a very high risk microcap, but still looking promising to me.
I just posted an order for a tiny position. It makes me nervous to invest in a company like this. It’s hard to gather information. In fact, most everything I know about it comes from this board. But if it goes to zero, I don’t to lose much, so what the hell. . . .
It’s hard to gather information. In fact, most everything I know about it comes from this board.
Hi Brittlerock, Why do you say it’s hard to get information about PN. They trade on the New York Stock Exchange for gosh sakes, not on the pink sheets. Here’s the link to their investor relations:
Saul
It’s hard to gather information. In fact, most everything I know about it comes from this board.
I used to feel the same way, Brittlerock. You are right that without all of the reporters writing articles everyday you are left to think for yourself. This board however shows just how easy it is to listen to the CEO and CFO on earnings calls and how they answer analysts questions which may point out risks you hadn’t thought of:
http://ir.patnat.com/
or get the diluted earnings from their most recently reported quarter and the past quarters and notable events in press releases:
http://ir.patnat.com/News
or get their 10-K annual report and 10-Q quarterly reports which tells you about their competitors and risks:
http://ir.patnat.com/Docs
or bios on who is running the company:
http://ir.patnat.com/OD
or a description of exactly what the company does:
http://www.patnat.com/
I never read these things before joining the Motley Fool. It really takes less time than you think. This company is less than $150M market cap which means it could disappear quickly. It also means if they build a valuable service for their market that is better than the predominantly large cap companies in their market, they might just grow very successfully. Do your due diligence and you will at least understand what you are investing in.
OK ok - I get it. And thank you and Saul for replying to my somewhat out of line post. It’s not all that hard if you look in the right places.
I looked on my broker’s site (Fidelity). They are usually pretty good about carrying information about most equities, but for some reason, they just didn’t carry much info about PN. I therefore rashly assumed that if they carried little, there would not be a lot to be found by digging elsewhere.
Shame on me . . .
But as I said, micro position, and the order might not even execute because it’s limited. I’m in China right now, 12 hours ahead of EST, so my days are sort of upside down from folks in the US.