Why so cheap ... ? because they are tightly held, and hard to exit quickly if you get nervous.
they won't be so cheap when pbi ords are back at .33. Then you'll be having to pay .16. PBI ords at .50 and the pbio's will be at .35+ .... very good leverage.
I believe they are good buying at these prices for those with a medium term outlook and an understanding of pbi's business plan. I hold pbios.
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