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Fuel Systems Solutions, Inc. (FSYS) Message Board

  • bluebloodedtrader bluebloodedtrader Nov 8, 2012 11:54 AM Flag

    secondary offering?

    maybe FSYS will try and float another secondary offering-selling 2 million shares at $10 per share. That way they can raise another $20 million at shareholder's expense.

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    • Doubtful. I guess you didn't listen to the conference call.

      The talk on the call was more about the strength of the balance sheet and there was even a question about the possibility of a buy back. Management would not commit to that yet.

      The falling cash position q/q was lower in part due to a change in the mix from after market to OEM (ex., GM) (which slightly increased the aging if accounts receivables) and a small rise in inventory related to the ramp up of new product launches and some one off regional slowdowns.
      Several one off negative events recently occurred that combined to crimp revenues, but many of these are now over and working out of the comps (venezula, thailand, italy, etc.) .

      Should be seeing a lot of positive news flow about the GM CNG truck and vans, which are only now launching, and have yet to hit the dealers.


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