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?"
Check out FSYS's out YouTube video. Just type in "fuel System Solutions". It will be on the very top of the list. It shows why this company is headed for some very great things.
You don't get it. You buy stocks when they are out of favor and sell them when they become popular again. That is the only way you are able to buy low and sell high. FSYS has now reached the bottom of its pricing range and represents compelling upside form these very depressed levels. Buying now is an absolute :NO BRAINER".
105% ownership? how on earth can somebody own more than 100% of something?
Great news. the past week, LUB signed an agreement with the system of 3 hospitals in its home base of Houston. This agreement includes food service for over 750 beds in the hospitals, as well as a large retail food court component. These operations are expected to start around March of 2014. "We're excited to be chosen again as a trusted partner to provide our well-recognized menu offering in a hospital setting" management quoted..
In March of 2009, the Dow was near the 6500 level and FSYS was about $13 per share. Four years later, The Dow has nearly tripled, yet FSYS's share price has remained roughly the same. In that same timeframe, the company has also generated about $140 million in positive cash flow, and raised another $60 million from a secondary offering. Where did that $200 million go? it certainly did not translate to any shareholder benefit. Any financial experts out there that could chime in?