JamesRennie

Anything positive could be enough.

Long
NYSE:PLT   None
The last time this stock was lower was after 08 market crash. The quarterly financials are bad. If they can pull off the expected $3 EPS for 2020 the upside on this stock is huge. With an industry average of 26 P/E so just $1 EPS would put them as a better value then other companies in that industry. They are highly leveraged but both there quick and current ratios are reasonable. They plan on selling a department soon and based on RSI they are over sold. If they can't survive as a company as their failure is largely priced in. A turn around could net maybe a 3x return short term.

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