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PGTI (Nasdaq) - Potential Hurricane Play - 7.6 million float
posted by mystiky on 1 months ago
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PGTI: PGT, Inc. engages in the manufacture and supply of residential impact-resistant
windows and doors. Its impact-resistant products, which are marketed under the WinGuard
brand name, combine aluminum or vinyl frames with laminated glass to provide protection
from hurricane-force winds and wind-borne debris. The company offers a range of aluminum
and vinyl windows and doors in various styles, including single hung, horizontal roller,
casement, and sliding glass doors; manufactures sliding panels used for enclosing
screened-in porches; and provides architectural systems line of products for multi story
buildings. PGT sells its products to both the residential new construction, and repair and
remodeling end markets through window distributors, building supply distributors, window
replacement dealers, and enclosure contractors. It has operations in the southeastern
United States, the Gulf Coast, and the Caribbean. The company was founded in 1980 and is
headquartered in North Venice, Florida.

The company was profitable in the last quarter and the float is only 7.6 million shares,
with 727,000 of them (almost 10%) have been sold short.

http://www.bloomberg.com/apps/quote?ticker=pgti

The chart is looking very good, as the stock is above the 10-day, 30-day, 50-day and the
200-day moving avgs:

http://stockcharts.com/charts/gallery.html?pgti

PGTI stock is owned 68% by insiders and 30% by institutions, which tells you that there
are very few shares out there. If buyers continue to come in, one could have a major
squeeze (as it happened in late July of this year from $4 to almost $6).

http://finance.yahoo.com/q/ks?s=PGTI

Notice that the Point & Figure chart at the bottom is Showing “Bullish Price
Objective” and a $11.25 target.

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