Pendrell Corporation (NASDAQ:PCO), Up By $5.50 (357.14%) After BUYINS.NET SqueezeTrigger Report Released on Monday, October 3rd
October 4, 2016 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, released a report on Monday, October 3rd 2016 at 07:16:00 PDT stating that Pendrell Corporation (NASDAQ) was expected to be Up After it crossed above its SqueezeTrigger Price of 1.54 on Monday, October 3rd 2016. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?id=520285
From August 2009 to September 2016, an aggregate amount of 184614288 shares of PCO have been shorted for a total dollar value of $184614288. The PCO SqueezeTrigger price of $1.54 is the volume weighted average price that all shorts are short in shares of PCO. There is still approximately $2,566,455 of potential short covering in shares of PCO.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com .
Pendrell Corporation (NASDAQ:PCO) - PlayCore Inc., incorporated in January 1992, is a designer, manufacturer and marketer of commercial and consumer playground equipment and backyard products. The Company's commercial playground systems are primarily sold under the brand name GameTime. GameTime is a manufacturer and marketer of modular and custom commercial outdoor playground equipment. The Company's consumer playground systems are primarily sold under the brand name Swing-N-Slide. The Company also owns Heartland Industries Inc. (Heartland), a maker of wooden storage buildings.
Commercial Playground Systems
GameTime manufactures over 4,000 products in a wide variety of colors. GameTime's largest product offering is plastic and metal playground systems, which are custom manufactured using several hundred pre-designed components. GameTime also manufactures preschool playground equipment such as mini-playgrounds and sandboxes, sport and fitness products, such as basketball and soccer equipment, park products,such as picnic tables and picnic benches and site amenities, such as benches, litter receptacles and bicycle racks. GameTime also offers replacement parts and accessories for all of its playground systems.
Consumer Playground Systems and Wooden Storage Buildings
The Swing-N-Slide product line consists of a broad line of do-it-yourself wooden playground kits, plastic slides and accessories for home playground use. These kits contain well-illustrated instructions to simplify construction by do-it-yourself consumers. The kits are specifically designed to be assembled by the consumer, and most of the kits can be combined with each other and with Swing-N-Slide's high-density polyethylene slides. The Company estimates that its playground kits generally can be assembled by two adults in approximately two to 12 hours depending on the size and complexity of the unit.
Fabrication and Other Products
The Company manufactures several metal components that are an integral part of both its consumer and commercial playground systems. In addition, the Company designs and manufactures custom fabricated metal and plastic parts that are unrelated to playground equipment for a small group of original equipment manufacturer (OEM) customers. The Company's sales to OEM customers enable it to cost-effectively maintain a core of full-time, highly skilled workers during the seasonal slower sales periods of the Company's primary business.
GameTime's commercial playground systems are sold through a network of independent sales representatives directly to city and county governments, nursery, elementary and middle schools, and building contractors. Because the Company's Swing-N-Slide consumer playground systems products are mainly designed for the do-it-yourself consumer, and because its kits require lumber,almost all of the Company's consumer playground systems sales are made to home center and building supply retailers such as 84 Lumber, Home Depot, Lowes and Payless Cashways, and hardware stores that carry lumber such as Ace Hardware and HWI. The Company estimates the total number of retail outlets that carry the Company's Swing-N-Slide product line at approximately 6,000. Heartland sells its backyard wooden storage products and play systems through a national network of Company-owned retail locations and independent dealers. The products are sold directly to consumers.
GameTime's three largest competitors are Miracle Recreation Equipment Company, Landscape Structures Inc. and Little Tikes Commercial PlaySystems Inc., a unit of Newell Rubbermaid Inc. The market for consumer playground systems is also highly competitive and the Company faces competition from manufacturers of metal swing sets and pre-cut and custom built wood kits.Hedstrom Corporation is a major manufacturer and marketer of metal gym sets, plastic and metal slides and accessories. Hedstrom Corporation also manufactures and sells a competing line of do-it-yourself wooden playground kits. The market for backyard wooden storage products is also highly competitive. The Company faces competition f.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
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