In its third quarter, FSYS suffered a loss of revenues of $8.5 million due to weak local currencies versus the US dollar. When this phenom reverses, FSYS will be in fat city as instead of losing revenues, it will be gaining them.
It already is reversing. Euros to USD conversion was 1.25 for much of last year as uncertainty debt crisis uncertainty in Europe caused funds to flow out of Europe into safe havens like USDs. Today, the conversion is at 1.34(a 7% increase) and the trend has been Euro continuing to appreciate against the $.
As global economy stabalizes and grows, USD will likely further depreciate (FED QE3 money printing is going to depreciate the USD further) against foreign currencies. This bodes extremely well for FSYS, which has diverse international operations as profits will be high when translated in back to USD.