Shale gas worldwide will keep natural gas lower that petroleum fuel for many years. Trucks, buses and fleets are converting to natural gas. Also driven by climate regulations. FSYS could return to $45. This will be a 5 bagger for me.
Value Line's 2016-2018 long term projection is a price range of $40 to $60 per share. They anticipate annual sales to be $700 M with earnings per share to be about $3.00 per year. FSYS has $190 M cash on hand as of 12/31/2012.. They have 20M shares outstanding so there is $9.50 in cash per share enbedded in the current $17.89 share price. We are only paying $8.39 per share above the cash..
It appears to me to be a very inexpensive stock going forward, and thats why I am buying.
Anyone have any other long term thoughts on FSYS? I would appreciate other comments.