Calling the bottom at $1,38 (52 week low) seams redundant at this point, just as
saying we turned the corner and shorts must cover is also too soon. But it does
justify to say there is light at the end of the tunnel. If the price can struggle over
$2.00, we have a shot. We need a higher price so fund managers can buy FHCO.
Again, I hate reverse splits but AIG & Citi had to do it.
Just a thought.
Al in all the news was good, lets see what is said at the conference call.
If earnings is good and the conference call that follows is upbeat, then FHCO will continue to go up.
The real drag is the price, stocks below $5.00 are a tough sell for fund managers.
Keep fingers crossed.
Smart move, sometimes its takes a little fire before management makes a move.
We need to get the stock above $3 so funds will pick it at. Earning in a week or so.
Keep fingers crossed.
Agreed, they should have done that prior to killing the dividend. That would of
maxed shareholder value. Now with a fresh team and the stock at new all time lows
that may be one option.
I guess the board had to made changes, this is good new as the incoming CEO had served prior to K. King.
Maybe he can turn things around or look for a partner. FHCO is very cheap by the numbers.
I already wrote management, nothing. No new goals, no new projects. At best I will stop posting the last two weeks of Dec when the only good thing FHCO is good for is a tax loss!
It's not slow, its going backwards, never in 40 years have I seen a company with good financials, nice looking balance sheet, and positive earnings go down so far so fast. What will
happen is someone will buy out this company or just bury it or by out spending it.
With the stock this low, funds will not touch it.
I think if you look at the balance sheet and earnings, this stock should be above $2.50+ a share.
The image of this company will be hard at these levels, they may need to do a reverse split
so investment funds that will not buy or hold a penny stock can do so. I hate reverse splits
but in this case we may have to.
Many mutual funds will not buy or hold a stock that's below $3.00 let alone below $2.00
You have inst's getting out because management is saying nothing. They should have had a plan
the same time they cut the dividend. I guess its worth more dead than alive at this point.
One shares is cheaper than most lottery tickets. It's worth buying below $2.00, maybe someone will now buy it.