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FTI Consulting, Inc. Message Board

  • tejusveen tejusveen Mar 1, 2010 2:01 PM Flag

    Looks like going $30

    sell short now

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    • There is no way to fully evaluate this company at this point.

      This same thing happened to virtually all of its competitors over the many years and those never really fully recovered.

      Their billing rates have been high for a long time.

      Super guru forensic accountants and the like are in surplus and the competition is using this to their advantage.

      FCN has always had the very best gurus on board but looks like others now have joined that high level.

      I think FCN will drop to around $25 in line with stockcharts technicals (P&F) before it bases. Then, it may wait for next quarter earnings bouncing around between $25 and $30. If they beat next quarter, it rockets. If they miss or provide less than excellent guidance at that point, FCN isn't going anywhere.

      Not long.
      Not short.
      Watching this once great company to see how it finds its way through this trough.

      • 1 Reply to foodstocksfordepression
      • Getting there.

        I think this stock will trade in the low $20s unless it finds a way to convince clients it is worth $400 per hour or whatever it is they charge these days.

        The problem with their billing rates is "its the economy .. .stupid". When they learn to bill at $100 per hour they will see more business.

        Until that time, they will continue to live in their dilusional clouds while stock lives in the gutter.

 

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