Hey speedy- It would be a better idea for your business if you complained to FTR rather than post here. Unless of course you really are not a customer and just wish to bash FTR to enhance your short position.
Sorry that I didn't thank you for my 10 cent dividend earlier today. I look forward to you paying me again in the 3rd. Quarter. I just wish Cramer would say sell, sell , sell again as he has a 100% RECORD OF THE STOCK INCREADSING IN VALUE AFTER HE SAYS SELL!!
Hey Robert, Interesting Post. Why don't you sell today? You will still get your dime. Maybe you see a rally by the end of the week? In any event glad you are selling FTR is not for everyone. You should hold or add to your position only if you believe the revenue curve will bend in FTR's favor and combined with cost controls will increase profits in the next one to two years. Good luck in your future investing.
What? Many investors bought the stock at the current dividend pay out when the stock was in the low $3.00 range . FTR has been an excellent investment. Hopefully the investors you are talking about have averaged down their basis.
When do shorts start to panic?
A $4.50
B $4.75
C $5.00
D. When Maggie retires
Refinancing now takes care of refinancing in a year or 2 at most likely higher rates and protects the dividend payout. This shows the new CFO is earning his keep. Glad to see the sell off today so I can acquire more shares going into 1st. quarter earnings.
Nice quarter. Metrics improving.
Time will tell BUT it looks like for now CG was a paper tiger.
Hopefully, the street will continue to short FTR so we can get the price back down to the low $3 range where we can add to our positions just like last year. The debt refinancing gives FTR a great shot at preserving the dividend for the next several years. As I have said in another post the new CFO is doing an excellent job. I would go short here but I'm afraid the 1st quarter numbers may be better than expected and don't want to get caught in a short squeeze.
What you smell is GAAP Book Value as of March 31, 2013 at $3.50. IMHO
FTR is a penny stock (trading under $5 ) so it is prone to wide daily fluctuations caused by day traders. The real volume pop will come when FTR stabilizes revenue which will #$%$ the shorts. When this happens we could easily see a $1 pop as shorts try to beat each other to cover. Per the recent investment conference the new CFO said they "have line of sight" for this happening whether it occurs this quarter or next quarter.
$2.50 close would be nice!!
Oil prices up, Nat gas prices up, AXAS down. Machines firmly in control of trading patterns. To break the cycle we need AXAS to report just 1 quarter of decent numbers and we will easily gap up 50 to 75 cents. Why? This will break the programmed algorithm and the masters of the machines will have to change their model. Until then IMHO we will not trade on any fundamentals.
Hey Chim--Remember until AXAS posts some positive earnings this is a trading stock not an investment stock. Traders don't care about the fundamentals with broken companies like AXAS. The Clinton group should buyout AXAS NOW if they want to get AXAS really cheap this year IMHO.
"Luck" was being able to refinance debt out to 2024. Plenty of time now to build the franchise and probably merge with a larger telcom ...CTL perhaps in 3 to 5 years. Enjoy the dividend.
So true. Analysts for the most part remain negative on AXAS but for some reason it is not being reflected in the short interest percentage. The short interest is holding between 9% and 10%. One would think it should be twice that around 20% or more. Because I averaged down last year when AXAS fell into the $1 - $2.00 range I could get out with a small profit on the next uptick into the $2.20's and then because of the negativity around the stock play the short side. However, I'm still nervous AXAS will show a good quarter soon and with NAT GAS prices up could pull off a decent bid on the assets they are selling. A tough call here to be a short or a long. JMO
Maybe more important is number of insider buys and sells. Last 12 months Insider Buys: 151,423, Insider Sells 0. Source NASDAQ.
Tough day to be a FTR shortie. Maybe more days to come while longs wait for shorties to pay dividend. This could be fun.
Dwillis FTR has been a great investment for me as well. I ave. down in a big way when the stock was in the low $3's last year and now have a nice unrealized gain and a 9 percent plus dividend yield.
Expect Maggie to say on tues at the investor conference that broadband adds continue positive momentum. Shorts should cover Monday. Fair warning.