Why run a company if the owners never prosper? Pretty much anybody that invested in this company in the last ten years has lost money. The Board of Directors should do the right thing and immediately hire an investment banker to sell the company.
every time this sells off, buyers quickly rush in to swoop it up. Definite accumulation taking place as the stock continues to make higher highs and higher lows. a run back to $8 by week's end is in the cards, especially with a little help form our short friends.
because it could go down to $3.......you buy once they rise 15%...so in essence you could be buying again at $3.40, and you would save a heck of chunk of money
they have $74.1 in the bank and another $13.1 million ( categorized under: long term investments) placed in German bonds). They have plenty of cash available to carry out a significant stock repurchase program. If they announced a $50 million commitment, that news alone would add 20% to the share price within minutes of the headline.
you worry too much. this is not an ADR. it is a US based company. Their cash is all accounted for on the 10Q
Zacks is complete garbage. the stock will rise when it is good and ready. Not because of some clown's drivel.
The stock is in free fall mode. How low could it go? $10? $8? back in March of 2009, it traded as low as the mid $10's, so we could have more room to fall. One thing for sure, the cheaper it gets, the more I will load up. Besides when stocks get too low, they become vulnerable to hostile takeover attempts.
the implosion in this stock represents a mighty fine buying opportunity. Buy the dip, as the smart money always does. Buffett buys when others are panic selling. Be on his side.
obviously there is nothing exciting about this stock right now- if there was, the shares certainly would not be trading as low as they are. The great men on Wall Street ( Buffett, Lynch, Icahn) buy under these same conditions, because how else do you expect to be able to buy low?
the ceo just sold 26,000 shares or about 1% of his holdings ( he now owns 1.68 million shares).why did he sell? is it possible he is purposely trying to move the stock lower, so it is easier and cheaper to take the company private, or more shares can be bought back, if a stock buyback plan is eventually adopted?
"Not sure why management would walk away from free money. The market has literally placed $34 million on a very low hanging branch- ripe for the picking. About three years ago, the company raised $60 million in a secondary offering when they sold 2 million shares at $30 per share. Today, those same shares are nearly 60% cheaper. Why not buy those same 2 million shares back and pocket a cool $34 million, and in the process, reduce your shares outstanding by 10% . There is no excuse not to, it would only take $26 million to fund the buyback, and FSYS has nearly four times that amount in cash on hand, including long term investments. Do you really need an MBA from Harvard to figure this one out?"