PDI gets hold from Jefferies

Jefferies & Co., Inc. analyst David Windley kept PDI, Inc. at hold on the company's loss of substantial contracts to occur by the end of the year. The cash balance of $8 per share coupled with the stock buy-back decision may help in the near term, but cash burn and acquisitions will erode that in 2007, according to Windley. Shares of the Saddle River, N.J.-based outsourced sales and marketing company were up $1.06, or 11.12%, at $10.59. (Nasdaq: PDII)

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