I think an institution is dumping, but another institution ( or hedge fund) is simultaneously buying/accumulating. The stock is now down 33% in the last few months, so it is getting pretty oversold.
I surrender to the fact that I am not sharpest tool in the shed, and that I didn't even make it past the third grade, but if a dummy like me can recognize the severe and blatant inefficiencies that this stock broadcasts, than Wall Street should too.
Where did all the money go? through the first nine months of the latest calendar year, and the previous four years before that, FSYS has provided cash of $132,518,000 from operating activities. Within that same period, the company also raised $60,000,000, through selling 2 million shares at $30 per share in a secondary offering.
Five years ago, the market cap of FSYS was about $250 million...today its market cap is roughly the same. What happened to the nearly $200 million the company generated in the meantime? Did it go up in a puff of smoke? it certainly didn't translate into shareholder benefit. Could somebody that has some accounting knowledge enlighten me?
if you look at the latest 10Q under "shares outstanding" and it is a smaller number than the previous quarter (sequential), then odds are shares were purchased back. The 10q will also refer to any buybacks in the "Management's Discussion and Analysis of Financial Condition and Results of operations" heading. The companies quarterly press release usually mentions buybacks too.
they won't even let you talk direct to the company...you have to go through a outside firm they hired that simply answers the phone and tells investors absolutely nothing.- a big waste of money as far as I am concerned. No color, transparency or details provided.
Management will figure out a way to continue losing money. They are hell bent on using cash flow to remodel and build more stores, but not give that cash back to the shareholder's through cash dividends and buybacks. Why acquire news stores when your existing stores are not in order? These guys should simply put the company up for sale.
be greedy when others are fearful. This stock is bargain, and one of these days, Wall Street will finally recognize it. In the meantime, accumulate! The cheaper it gets, the more pressure the Board feels to enhance shareholder value through a sale, buyback, or special dividend
management needs to simply cut its costs and eliminate R&D expenditures. This would allow sales dollars to fall directly to the bottom line.
Share buybacks have more than a short term effect, They have a permanent long term effect, because earnings are allocated through less shares, causing sales and earnings per share to both rise.
expectations are through the roof. CMG not only has to meet expectations, they have to blow them away to keep the shares form imploding .Look what happened to AAPL when they beat expectations-their shares cratered.