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FARO Technologies Inc. Message Board

  • sleestack76 sleestack76 Aug 1, 2004 9:03 AM Flag

    0t: Gexa

    Bought some GEXA energy last week. Just got approved for the Nasdaq listing. Ebitda for the 04 years should be around 11million plus with fully taxes EPS of .70 cents. Now trading at 6 bucks. Growing Revenues at 60% a year.

    Great buy right now and going forward. Symbol is changing monday to
    Gexa from gexc

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    • Maybe. Significant, continuing insider selling from a former exec, and possible secondary may weigh on the stock.

      • 1 Reply to jeffbas
      • I agree, it has been affecting the price. but the key word is former executive... It would behoove them (mgt) to wait to do a secondary at least until the price is somewhere above 10 bucks... I think 2 million shares at 10 bucks would give them roughly 20 million on that balance sheet in cash and would help with thier working capital problem along with having more institutions buying in. Right now the institutions who will buy will be limited because of the investmetn policy restrictions. I am at a avg price of a little under six and look forward to the rest of the year growth levels. the 2nd Q should be good but I a weary of how well they hedged against rising ngas prices. I dont think Neil will do any second offering until the price is much higher. Take a look at RRI..... it is trading at a 30+ Pe and is only earning .25 cents forecasted for the year (currently at 9 bucks). Gexa will earn a minimum of .60 cents fully taxed. I am going with the least path of resistance which is up. Two things can affects the price appreciation (marcie selling, and 2nd offering) I still think that this is under the radar... One good PR and people will notice it...

30.54+0.22(+0.73%)Nov 27 1:00 PMEST