Down nearly 10% on no news. If that's the case, just think how bad it would fall when they do report unfavorable news. Lately, bad news is all they have been reporting. After all, the stock has lost 1/2 of its value in less than four months.
with a 2.0 beta, this drops at twice the rate of the overall averages, but when the markets are strong, this one fails to respond. Shorting this is like shooting fish in a barrel.
this stock is so pathetic, it might as well get the suffering over with and go to zero today. At the rate it is dropping, a total loss is not unrealistic. Those who have the wisdom to be short this one are racking in the riches.
I expect FSYS to guide revenues of $340-$350 million for 2014. The low point of the range represents a 16% drop in sales from estimated revenues of $404 million in 2013. These guys seem to do whatever it takes to destroy shareholder value, and next month's report will be the catalyst of another steep drop.
These guys seem to have a real aversion to press releases. Heaven forbid they would release something that would actually benefit the share price. We likely won't see any releases until they present their 10K in the middle of March. What will the 4th quarter bring? More bad news, excuses and ambiguity about the future. It is simply par for the course.
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