two really big things this stock has going for it: its cash hoard and Becker Drapkin! The stock looks like it is just about to go in the green despite a horrific market today.
Wall Street is very fickle. Although it absolutely loathes and despises the shares today, It could easily switch to a more bullish stance at the drop of a hat.
we need more of a selloff, to shake the weak hands out of their remaining shares. A capitulation if you will. Another 10% drop would just about do it, and might be a big enough to get even the Pappas's to buy in the open market.
why can't you "buy to cover" in after-hours? I do it all the time
stock really rebounded from its lows in extended trading. Almost $1.00 rose to be exact. Shorts covering to book profits.
I am not sure why, but FSYS actually outperformed the market today, and rose above the all evasive $10 mark. Will wonders ever cease? Could this be the start of a new trend? One thing for sure, I am not getting my hopes too high.
It was back in Jan 2008 when management defeated Ramius Capital in a tumultuous proxy fight. Ramius was attempting to get Board representation, as well as push the company into monetizing its real estate assets through a series of sale leasebacks. Could a new activist investor enter the scene? When you consider the shares are now at half the levels they were when Ramius was involved, the probability of renewed activist interest is high. The question is, does current management with their 34% ownership stake, still have enough clout, power and influence to derail another suitor's intentions? They probably do-you have to go with history.
you can't look back to 90-93 or even 2002 as valid comparisons, Back then the company was entirely a different animal. They didn't own their largest division (BRC), had very little cash, and was saddled with way too much debt.
are you kidding? nobody uses pencils anymore, besides are you smarter than Becker Drapkin? They plowed $20 million into the stock-obviously they didn't get where they are today, doing stupid things.
Sorry you feel the need to attack. The more you honor others, the more you honor yourself. Name calling is not an attribute of a gentleman.
I will have to give management credit for their decision to add the new brake operations to their ensemble. Pure genius. A great way to produce incremental revenue without the cost of a new facility.
A flattering SA article about FSYS was just released.