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Fuel Systems Solutions, Inc. Message Board

  • buyacramer buyacramer Feb 5, 2013 2:16 PM Flag

    Downgrade this late in the game...

    Piper is late to the game to downgrade. They didn't downgrade at $20/sh, $18/Sh, $15/Sh, but they downgrade at $13/sh when the global economy is finally turning around. If they were really good analysts, they would have downgraded before the price collapse.

    Remember Facebook a few months back when analysts really started coming out with downgrades and $15/sh price targets when the stock had dropped from the $30s down to the teens? Well guess what, pretty much at the peak of the downgrade cycle was when FB finally bottomed.

    The prospects and share price for FSYS is clearly stronger compared to just months ago. Gains from currency movements (Euro appreciating lately) are going to lift revenues and profitability.

    Isn't it kind of late now for a downgrade? Like Facebook, I think we are very close to a bottom now that analysts are throwing in the towell.

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