I think I spoke too soon. Now LUB is crumbling too. I guess this is also a "bow wow" stock. Maybe at $4 it will become such a compelling takeover target, that even management can't stop from taking place. Lord knows, they will try.
will they have to file chapter 11? maybe they can't make their loan payments? I am being facetious, but the way it is diving, the market seems to be in a total panic mode that this can happen
The shares are showing positive relative strength today in the midst of a crashing overall market. That bodes well for the stock when the averages begin to recover.
the good news is: the cheaper the stock gets, the more pressure is excerpted on Management to authorize a stock buyback and the more vulnerable the company becomes as a takeover target.
Are these guys purposely trying to sabotage the share price or what? This delay will do nothing but #$%$ the street, as the market absolutely loathes uncertainty. Why not just file chapter 11 now and just get it over with? At least that way the long standing suffering will finally end. Owning this stock is the epitome of torture.
It is looking like the only way to make money in this stock, is to short it. I guess it is logical to follow the trend, and the trend on this one, is nothing but down. A tailspin of epic proportions that will be difficult/impossible to recover from. What good is owning a company that can't earn a profit?
Management owns 30% of the company-they have a tremendous amount of skin in the game. I am sure they are very keenly aware of the share price and will ultimately wish to monetize this investment by getting top dollar in an eventual sale of the entire company.
There are a lot of buyers willing to pay $10.94 right now. Whoever ( suitor of entire company) buys it will get a instant $100 million rebate, by raiding FSYS's cash pile. This essentially allows them to obtain a lower effective price.
this one could easily fetch a 20% premium as the result of a takeover attempt, approximating about $13 per share. The question is, would the shareholder's approve it?