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.
The Piper Analyst who downgraded FSYS pretty much at the very bottom should be fired. How pathetic is that? We needs analysts who say buy after the stock has rallied and sell when it has already fallen off a cliff? Unreal the people who call themselves analysts!
keep in mind that analysts are not a leading indicator. they try to explain what has just happened. i recall i time, that market was closed for about a week, not an analyst had anything to say, it was maddening no stock market, no info from analysts. when market did reopen we all realized that the companies we love to follow were still doing all the things they normally do. as soon as mr market let the analysts know what had happened. they of course could explain it all.after the fact.
It is late, but not too late. The shares still offer some downside risk (about 30% at this juncture). That being said, the shares would offer compelling value at those very depressed levels. I would love to pick up some there. One thing for sure, management seems not to have a clue about the term "enhancing shareholder value", so that implies, another party will.