no brainer buy
Downgrades from analysts coming on miss on q1 earnings 2014 guidance and no beat on revenues, thier yearly guidance is pie in the sky they always miss like q1 2014, downgrades coming after this 40% rise, what a joke, sell or lose all your profits
IS MY ADVICE
Stock should move closer to 5 great news on yahoo headlines today
short interest is going down meaning the shorts are covering and will continue to cover in December the stock will be 13 to 14 by end of December as it has bottomed out technically and tax loss selling is ending and shorts covering and new value buyers - stock is dirt cheap
Does Fuel Systems Solutions' Bloodletting Represent Opportunity?
Motely Fool today's yahoo headline
By Rich Duprey November 12, 2013
The hemorrhaging has been mostly stanched for Fuel System Solutions (NASDAQ: FSYS ) , the alternative fuel components maker that bled out last week after reporting earnings last week that matched Wall Street estimates on the top and bottom line but narrowing guidance for the coming quarter to the lower end of its prior forecast.
With its shares tumbling 18% on the day of the release and ultimately closing out the week 21% lower, I think this is what's called in polite circles as an "overreaction."
The components maker reported a nice 10% rise in its automotive revenues division to $67.5 million and a 6% increase in industrial revenues to $30.1 million, but what worried everyone was Fuel Systems' expectation that with expiration of certain OEM and delayed-OEM (DOEM) later this year and early into next year. Under Fuel System's DOEM model, it receives vehicles directly from automotive OEMs, installs its proprietary propane or natural gas fuel systems into the vehicles, then delivers the completed bi-fuel vehicles directly to the dealership network. It is the main driver of revenue growth.
This past quarter, DOEM revenues jumped $8.4 million while compressor sales added another $1.6 million, gains that were offset by a $2.1 million drop in OEM kits, mainly in Italy, and U.S. aftermarket sales of some $1.4 million. That's why Westport Innovations NASDAQ: WPRT, which generates two-thirds less in sales than does Fuel Systems, and Clean Energy Fuels NASDAQ: CLNEwhich generates 10% less -- but both of which have generated more extensive losses than Fuel Systems -- have market caps far in excess of their rival. Fuel Systems has been priced at just $270 million whereas Westport and Clean Energy exceed $1 billion each.
Zacks gives FSYS a STRONG BUY RATING $18 target.. opportunity here folks...
read headlines for yourself. this dip was unjustified!!!!