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Zynga, Inc. Message Board

buyacramer 20 posts  |  Last Activity: 21 hours ago Member since: Feb 10, 2011
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  • Someone/ fund starting a position? If mgmt and Portnoys don't do funny business, FVE is worth a lot more than what it is trading for.

  • Unfortunately, I own FVE, but fortunately I did own SRZ, ESC and SKH. Months leading up to the deal, they all took big hits. SRZ had CEO insider selling news, which tanked the stock while mgmt were granted a ton of options at low strike prices. ESC mgmt was lackluster in their tone months before the deal and ESC was trading near 52 week lows when the deal was announced. SKH missed, and missed badly they last couple of quarters, while the CEO was granted a ton of shares when the stock was trading in the 4s.

    Could it be FVE mgmt is also letting the stock capitulate while they accumulate stock or options at a low price before something transformative happens??? I'd have a lot of hope if there were so many related party issues with this company. Tons of potential here, but also extremely messy from a governance perspective, limiting the options to realize value for shareholders. Regardless though, FVE management and the Portnoys should be in the hot seat for being the worst publicly traded company in the senior living/skilled nursing space.

  • This space has been on fire. You look at the whole sector, and literally only FVE is the lone stock that is trading at a fraction of book value. Shareholders need to step up pressure on management. Write them, call them and raise hell,. this is unacceptable. They should take FVE private if these cronies are just engaging in self dealing beneficial deals at the expense of shareholders.

  • Reply to

    We should trade at 2x book like NCT

    by msears99 Aug 15, 2014 11:14 PM
    buyacramer buyacramer Aug 18, 2014 1:34 PM Flag

    Agree, CFO definitely has to go too. I write emails to investor relations complaining all the time about how there is lack of accountability and asking how management gets to keep their jobs with such poor performance.

    I agree, all shareholders should continue shining a flashlight on management, voicing opinions, and demanding results. If mgmt and all the related parties don't continue to want an earful from shareholders, maybe they should just take FVE private and do whatever they want to it. I encourage all shareholders to raise hell with management. We have hard earned capital invested in FVE and rightfully deserve a reasonable rate of return.

  • Reply to

    We should trade at 2x book like NCT

    by msears99 Aug 15, 2014 11:14 PM
    buyacramer buyacramer Aug 17, 2014 9:38 PM Flag

    FVE needs a much better corporate governance and management incentive plan. The CEO holds just $2million worth in FVE stock while his annual salary is $1M. Given his poor performance, Im suprised he is still the CEO, but of course we all know he is Portnoy's puppet to serve the Portnoy interests. I'd like to see his salary reduced by half and given stock options instead. Clearly, the immaterial management ownership of FVE stock doesnt help street perception of FVE's governance and incentive structure.

    From a shareholder perspective, FVE is a horrible investment. They did a big equity raise (sold in the $5s) a few years ago supposedly to expand the business. Now fast forward a few years, earnings have shrunk, mgmt cant even report on the #s, stock is trading lower than it was years ago, although the broader market has taken off, there is no dividend, all while all its competitors are seeing their stock reach new highs. FVE is probably the only company in the space that destroyed value for shareholders in the past couple of years. I could run this company better than Bruce. How is he still the CEO??? Yes, the Portnoy's have a lot of influence, but there must be something shareholders can do to oust Bruce.

  • Reply to

    Geez what a DOG this stock is

    by readytorock4u Aug 14, 2014 2:28 AM
    buyacramer buyacramer Aug 14, 2014 5:24 PM Flag

    dead money until there is more transparency. The company ultimately needs to decide what is the objective of FVE. Is it to be run as a non-profit for the benefit of certain related party shareholders or to maximize value for all shareholders?

    Potential is definitely in this stock. The industry is booming, FVE trades at a fraction of tangible value, and the stock is trading below the equity offering price of in the $5s a few years ago so mgmt credibility is on the line. Unless managments goals are to further the interest of the related parties, the stock can quickly spring back to life by taking actions to assure shareholders that the company is operating to maximize shareholder value.

  • Reply to

    Is it time?

    by retiretechie Aug 4, 2014 6:51 PM
    buyacramer buyacramer Aug 4, 2014 7:54 PM Flag

    Is their shareholder meeting going to happen this month?

  • Reply to

    Sell off at end of day . . .

    by isce_ille_iste Aug 4, 2014 4:23 PM
    buyacramer buyacramer Aug 4, 2014 7:53 PM Flag

    Another 8K postponing financials. I'm guessing some investors have just had enough of this delay. The longer the delay, the higher the risk of potential material mistatements.

  • Reply to

    MBI is on sale.

    by tony27719 Aug 3, 2014 9:49 AM
    buyacramer buyacramer Aug 3, 2014 11:37 PM Flag

    If Puerto Rico defaults, half MBIA capital gets wiped out so how is this on sale?

  • buyacramer by buyacramer Jul 22, 2014 3:08 PM Flag

    anybody still holding? wasted opportunity. Almost anything you buy now is going up with the market making new highs. FVE is one of the rare few falling day after day.

  • buyacramer by buyacramer Jul 15, 2014 4:58 PM Flag

    I guess this is what happens when you have poor corporate governance and when the purpose of the company's existence is not to benefit shareholders. Management outright doesn't give a #$%$ about what shareholders think and shareholders dont have a say. No wonder investors see no point in owning this thing no matter how cheap it looks because value will never be to the shareholders.

  • Always gets shorted down to the $8s and $9s right before earnings. Perfect buying opportunity at these levels.

  • Seems like banks are getting hit left and right for bad employee behavior. Employees made huge bonuses and were doing everything they could to up their bonuses by falsifying mortgage applications, etc., which led to the financial crisis. The shareholders get hit by the lawsuits that causes a wipe out of stock value. What happens to the banking employees that were pocketing millions in bonuses? They just find another job with another bank or even retire with ill gotten bonuses. Same thing with BCS issue with dark pool. Most shareholders probably had no clue at all this was going on. Im sure management/employees of the group that devised this scheme and made a killing on bonuses will pretty much walk away unscathed. NY AG should go after these crooked employees and put them in jail instead of slamming shareholders with billions in lawsuits. Why are you the shareholder getting punished???

  • Reply to

    What has Management done to this company???

    by buyacramer Jun 10, 2014 2:44 PM
    buyacramer buyacramer Jun 10, 2014 11:19 PM Flag

    The issue that prevents shareholder activism in fve is their relatively small size. There definitely is opportunity for value creation, but the question is, who will ultimately benefit from the value created?

  • Almost every other competitor in the space whether skilled nursing (KND, SKH, DVCR, ADK, etc.) or senior living (ESC, BKD, CSU, etc.) have all taken off. The one stand out loser is FVE. What has management, which is in bed with all the conflicted parties, done to FVE??? Why even trade publicly if you are going to just milk shareholders for the benefit of conflicted parties and FVE management??? This company has such great potential but is just being wasted away by management. Very unfortunate...

  • Reply to

    Very Little Hope for FSYS

    by buyacramer Jun 6, 2014 2:44 PM
    buyacramer buyacramer Jun 7, 2014 9:05 AM Flag

    The two years you talk about we're during the worst of the global financial crisis. Interesting that as the economy improved in recent years, revenue and profits skid. Could this have to do with artificial demand driven by subsidies? Unless you see artificial demand driven by sustained big subsidies/tax credits, this is a slow sinking ship with no growth little if any profitability and makes no sense from an investment perspective.

    Liquidating the assets and returning cash to shareholders is a better bet than continuing to operate this thing that slowly erodes value. Only beneficiaries are the management team that get to ride out their cushy jobs into retirement on a fat paycheck, at the expense of shareholders like you. This is a short sellers dream, you never have to cover.

    Sentiment: Strong Sell

  • Reply to

    Very Little Hope for FSYS

    by buyacramer Jun 6, 2014 2:44 PM
    buyacramer buyacramer Jun 6, 2014 11:31 PM Flag

    Why were they somewhat profitable years ago? Because of the heavy European subsidies, which have been cut. How is the future so bright for for FSYS? Revenues have been flat to lower and margins continue to be razor thin. I dont share the optimism you all have for how this will all change and revenue growth will accelerate and margins will expand. I forecast that several years from now, revenues will continue to be flat around $400 million, as it has been for years and they will operate at close to break even.

    At least stocks like twitter have massive growth to look forward to and stocks like Intel can continue to cut costs and improve margin and earnings growth although revenues are flat. What do you get with FSYS???

  • Take a close look at this business and the history of this business and you will realize it is a tough space to be in with heavy losses year after year or razor thin margins in boom times. Company also relies heavily on subsidies and is subject to Euro currency risk. Given the QE going on over there, Euro probably will weaken and further hurt FSYS financial situation. There are no materially better days in the foreseeable couple of years and this is the same view shared by most analysts.

    What do you do with a sluggish business like this if you were a big shareholder? Your best option is to sell the business to a bigger strategic that might have greater scale/synergies. There really isnt much to look forward to going at it alone for this business.

  • Reply to

    the worst POS that has ever traded

    by bluebloodedtrader Jun 5, 2014 1:45 PM
    buyacramer buyacramer Jun 6, 2014 7:02 AM Flag

    Hope you didn't have a big position. With markets rallying to all time highs, it would really be unfortunate if you had most your funds tied to this. As I've said before, this is a tough razor thin margin business that will continue to erode shareholder value. You are lucky the global economy is so strong now, otherwise, FSYS would really be screwed.

    Sentiment: Strong Sell

  • buyacramer by buyacramer Jun 4, 2014 1:34 PM Flag

    is just about to come out so be careful to not ride this down into the $8s after his article comes out

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