The CFO did a great job explaining FSYS's vision to capture more business during its Needham presentation, and evidently Wall Street like what it heard, as it has tacked on a nice price increase to its shares. A run to $14 today would be nice.
Wall Street loves layoffs-it means costs are being reduced. The reduction in workforce will be seen as a positive catalyst for the stock.
Last year, FSYS had to cancel their presentation at the Needham Conference, because their speaker took ill at the last minute ( strange that they had no one in backup position that could deliver it--after all it is just the regurgitation of a PowerPoint)). Hopefully this year they will be prepared, and if illness strikes, they will still be able to deliver with a substitute speaker. I wonder if they will rehash the same old drivel, or we will actually get something fresh, new and compelling?
the stock is getting very close to making a new 52 week low, despite the stock market having its best year since 1997. Drastic and quick change is needed.
$10 on good earnings, $4 on bad earnings...the risk reward ratio is clearly leaning to the bullish side.
FSYS announces first investment conference in well over a year. They would not of participated in the upcoming conference had they not had some good news to share.
it depends on his exercise price that he acquires the shares for..He could of acquired the shares for $3.8 million, then his total salary would be $650K
normally stocks that sell below book value, or have large cash positions without debt, are deemed as "flight to quality" target stocks. They are defensive in nature and are a haven for scared money looking for safety.
the stock has already rallied nearly 17% from its low of $12.25, so somebody must be buying.
FSYS is bucking the trend today by exhibiting high relative strength as money is coming into it, in a "flight to quality" scenario. Tax loss selling has also been discontinued
book value is way overrated as a gauge to determining value..I remember 10 years ago, I got scared off from buying YUM, because it actually had negative book value or shareholder's equity...It went up ten fold since then
The latest SA article shows how much less risk FSYS offers than such highflyers as AMZN and TSLA. Kudos to the author for a fine piece .