PHK... day 2 of the long-overdue slaughter of the longs, following a Barron's article that stated the obvious. Would you buy this at a now 53% premium to NAV? I would--but only to cover part of a short position! Odds look good for an 11-handle tomorrow or Thursday. Mr. Bill Gross' recent sale of shares is looking like a good one!
Disclosure: I am short PHK.
Additional disclosure: I hold no positions individually, but am the Managing Member of the General Partner of a fund that is short PHK.