Up until one hour before the close, FORM had traded 230,000 shares on the day (comparatively light volume). Then in the last hour it traded 500,000 additional shares (more than one day's average volume) and in generally an upwardly trending fashion. And now - in afterhours - in a single hour, it has traded another 1,100,000 shares at 11.07. So today's volume (thus far at 5:00 PM Eastern) at 1,838,000 is almost 5x FORM's average daily volume - at the back end of the worst quarter for the share price in the company's history (-50%). Could it be that this is the historic turn we've been waiting for? Maybe one (let's not get greedy) single solitary positive announcement for 2010 for shareholders? I guess we will find out Monday.
At today's lows, 81% of FORM's asset base and share capitalization was CASH with no long-term debt.
I agree. I bought back in small this AM. Stock is trading for a $1.60 when you subtract out the cash. Like I have said many times - the buildings, the real estate values of their property in the Bay Area, and some of their equipment add up to a liquidation value of more than a dollar a share, so the real cost of buying FORM is under a buck for the business, maybe 60 cents a share. They ought to put themselves on the block for sale.