Not seeing too many positive catalysts on the horizon, except a few: (1) an open market share purchase by the Pappas brothers (2) an upgrade by Sidoti .
Item #1 is way more probable, than item #2
Pathetic. This is one company that is surely inept at making a profit. They earned $1,729,000 out of sales of $97,200,000. That's a net profit of just 1.8% of sales. If you pull out the $1 million they booked for selling non performing assets at a gain, then it falls to just .9% of sales. Why even be in business for such a skinny return? You can make more money from a CD. Are we supposed wait another ten years before we see improvement?
It looks like the shares are rallying in extended hours trading. The last print was $5.55. Apparently Mr. Market was mildly pleased with the results. I guess we could see a fair share of short covering develop as the expected poor quarter never quite materialized.
They will release results no later than 6:00 pm EST..It appears that they like to way until the very last second. The results will no doubt be a real disappointment, but the stock has already crumbled in anticipation of that. The bottom line? A non event, resulting in little or no volatility to the share price.
I'm just talking about today, not the past 4 years.
wow..I don't think we are in store for that much volatility. Maybe 5% either way, but not 10%. The company will likely manage to put out a very forgettable release.That's what they are good at.
you might be right. Since the shares have already fallen big time, it seems like there is more risk present on the short side, than the long side.
FSYS is looking good today. It is hanging tough near the unchanged area despite the nasdaq getting hammered. This is certainly a switch. If QQQ starts to strengthen, FSYS could easily make a nice run into the green.
The shares are exhibiting high relative strength this am, after an initial dip .Perhaps somebody in the know is buying prior to this afternoon's release? Lord knows, we are way past due for a bit of positive news.
Usually when bearish sentiment is extreme ( everybody is negative), important turning points present themselves-just saying.