| Current Price | $10.45 | Mkt Cap | $192.9M |
|---|---|---|---|
| Open | $10.39 | P/E Ratio | 0.00 |
| Prev. Close | $10.36 | Div. (Yield) | $0.00 (0.0%) |
| Daily Range | $10.31 - $10.65 | Volume | 97,689 |
| 52-Wk Range | $8.97 - $11.82 | Avg. Daily Vol. | 1 |
A diversified holding company seeks to build and operate businesses where value can be created from the development of unique assets, and to acquire businesses. The Company's objective is to maximize long-term shareholder value.
| Current Price | $10.45 | Mkt Cap | $192.9M |
|---|---|---|---|
| Open | $10.39 | P/E Ratio | 0.00 |
| Prev. Close | $10.36 | Div. (Yield) | $0.00 (0.0%) |
| Daily Range | $10.31 - $10.65 | Volume | 97,689 |
| 52-Wk Range | $8.97 - $11.82 | Avg. Daily Vol. | 1 |
The best Bull and Bear pitches based on recency and number of recommendations.
There are no pitches that meet the Top Bear criteria. Explain
If this upsets you, start recommending pitches below!
Read the most recent pitches from players about PICO.
Recs
TMFDeej
(97.89)
Submitted: 10/20/2016 10:30:22 AM :
Start Price:
$9.23
NASDAQ:PICO Score:
-26.64
Barron's wrote a bullish article on PICO holdings last month. At the time I penned (do you still call it penned when there's actually no pen or paper involved) a skeptical rebuttal to the piece here:
Is a Turnaround Really in the Works at PICO Holdings?
http://caps.fool.com/Blogs/is-a-turnaround-really-in-the/1075252
From the post...
Sounds great, but a few things bother me about PICO. One, the whole "water" investment thesis has been pretty trendy for a while, but so far it hasn't panned out. For years people have been talking about how water is such a precious resource and that companies in the sector will do tremendously well. They've even built water ETFs. Thus far the outperformance of water stocks has not materialized. Here's a chart that compares the performance of four popular water stock tracking ETFs to the S&P 500.
https://finance.yahoo.com/chart/PHO#eyJjb21wYXJpc29ucyI6I......
The underperformance is obvious. So the water is the future investment thesis thus far has been a complete bust.
Another thing that bothers me about PICO is its management. I don't trust that its management can effectively manage shareholder funds. From the Barron's article:
PICO made a poor acquisition of a canola-processing business in Minnesota that it sold last year.
Yuck, what a waste. Adding insult to injury, PICO's management is grossly overpaid relative to the performance of the company's stock. I have no problem paying up for effective management, but when a company's stock has been terrible for years management should not be rewarded (see NSAM, grrrrrr).
Terrible management was a big part of the reason why I didn't like PICO. Well, it seems as though that has changed. The activist investors who were involved with the company won and on October 12th, PICO's board of directors announced that it had fired the company's CEO John R. Hart. In a new article, Barron's believes that this is good news for shareholders and I'm inclined to agree.
This Water Rights Firm’s Stock Can Spring Higher
PICO Holdings’ long-serving CEO has left the company, which is now poised to unlock shareholder value.
http://www.barrons.com/articles/this-water-rights-firms-stock-can-spring-higher-1476961456?mod=rss_barrons_most_viewed_month
Jason
No position in PICO
Recs
MrMonopoly
(< 20)
Submitted: 3/15/2014 9:09:13 AM :
Start Price:
$18.71
NASDAQ:PICO Score:
-104.90
"Developing unique assets". Does that sound more dignified than "developing resource monopolies"? Brilliant plan, to sell 1 million acres but not the water rights people need to survive there.
Recs
bike5389
(< 20)
Submitted: 1/22/2014 1:05:34 PM :
Start Price:
$17.53
NASDAQ:PICO Score:
-102.20
no snow in the west water rights will increase in value
Find the members with the highest scoring picks in PICO.
TMEBenBenBen (< 20) Score: +335.49
The Score Leader is the player with the highest score across all their picks in PICO.
|
Top Pick |
Member Name |
Member Rating |
Start Date |
Call |
Time Frame |
Start Price |
Stock Gain |
Index Gain |
Score | Commentary |
|---|---|---|---|---|---|---|---|---|---|---|
| TMEBenBenBen | < 20 | 3/16/2009 |
|
NS | $17.70 | -40.97% | +294.52% | +335.49 | 0 Comment | |
| Tuusa | 98.59 | 1/16/2009 |
|
3M | $18.59 | -43.78% | +262.28% | +306.05 | 1 Comment | |
| upbatter | 66.51 | 10/15/2008 |
|
5Y | $20.96 | -50.14% | +225.70% | +275.84 | 0 Comment | |
| 1203cc | < 20 | 7/14/2008 |
|
1Y | $31.85 | -67.19% | +145.51% | +212.70 | 1 Comment | |
| ManicTrader | 22.58 | 3/23/2007 |
|
3W | $32.56 | -67.91% | +120.13% | +188.04 | 0 Comment | |
| brogers146 | 70.86 |
|
|
5Y | $14.53 | -28.06% | +156.35% | +184.41 | 0 Comment | |
| MrClower | 70.52 | 4/8/2008 |
|
3M | $24.68 | -57.66% | +126.58% | +184.24 | 2 Comments | |
| parmens | 76.39 | 5/13/2008 |
|
1Y | $26.48 | -60.54% | +120.57% | +181.11 | 0 Comment | |
| skiprof | < 20 | 4/7/2008 |
|
1Y | $23.06 | -54.68% | +124.34% | +179.02 | 0 Comment | |
| tallenuk | 23.30 | 5/23/2012 |
|
1Y | $15.40 | -32.15% | +127.31% | +159.46 | 0 Comment |
See what the Wall Street professionals think, according to their public statements and filings.
| Player Name | Player Rating |
Start Date |
Call | Time Frame |
Start Price |
Stock Gain |
S&P Gain |
Score | End Date | Commentary |
|---|---|---|---|---|---|---|---|---|---|---|
| tracknorthlandca | < 20 | 6/21/2013 |
|
NS | $14.98 | -30.25% | +86.88% | -117.13 | 0 Comment | |
| trackmerriman | 67.85 | 9/29/2006 |
|
NS | $22.70 | -53.97% | +136.72% | -190.69 | 0 Comment |
