An Analyst over at Seeking Alpha trimmed his price target on PBY from $13 to $11.50. Says that PBY's earnings release on Tuesday, will likely disappoint and the ensuing selloff will present a decent buying opportunity.
not sure if I would classify 2009, 2010, 2011 and 2013 as years producing heavy losses. In 2012, the loss was attributable to a non cash impairment charge. All five years produced positive cash flow.
not sure I would rely on most analysts ( they are usually wrong). If they really knew what they were doing, they'd be trading their own money.
there was an opportunity? Does that mean there is no longer an opportunity to make money? Not sure I understand your cryptic post
a big position? it is all relative..what is big to me, might be small to Mr. Buffett. One thing for sure, I never put more than 10% of my money in any one position. That way, you can always live to fight another day.
I don't think FSYS is just like WPRT. FSYS has no debt, and plenty of cash. Its balance sheet and liquidity is far superior. It is EBITDA positive and sells at less than book, and .6 of sales.
good point, I should of added one disclaimer. Buy 10% higher, only if the fundamentals have also showed marked improvement.
not sure if this stock is capable of ever going up, even if you happen to nab it at $6.10! What good is catching a falling knife anyways, especially if it continues its downward spiral. Why not buy a stock after it has already risen 10% from its lows? that way, at least it is moving in a favorable direction. You have to pay more, but you end up getting more.
it is way too risky to be short going into the earnings event. The exposure on the short side is dangerous, because any hint of good news will send the shares into orbit, while the downside risk is limited since the shares have already crumbled in anticipation of a weak quarter. In other words, the stock has already been sold on the rumor, and will be bought on the news. The stock could jump $2 on positive news, but only fall about 50 cents on disappointing news. I like that risk reward ratio.
If they can't earn money now in a very vibrant Texas economy and without paying rent at their locations, how will they ever be able to turn a profit?
Sidoti & Company's James Fronda is the lone analyst who provides research coverage on Luby's. He presently has a neutral rating set in place. A good report next Thursday, could certainly be the catalyst for a long awaited upgrade. Especially after the shares have dropped 50% in the last three months.
instead of focusing on expansion, these guys should be conserving cash and paying off debt. They should also be concerned with cutting costs and making operations simpler, cleaner and more effective. Streamlining the organization is the order of the day.