Q: I assume if liked this at 45-46 you would love it at 40-41. What are the biggest risks? The largest shareholder dumping 34 million shares?
5i Research Answer:
PKI is up roughly 5% today as it rejected its largest shareholder, Simpson Oil's, request for a review of strategic alternatives. We continue to like PKI here and while the added executive and shareholder disagreements are not great for the stock, its fundamentals have shown significant improvements.