every day I am interested and I say to myself "I'll just buy a tiny position and add more later"...then it slides and I say to myself "too dangerous I don't want to touch it".
seriously though, at some point it has to reach bottom.
I think that Q4 is going to surprise to the upside on both top and bottom lines...the $500k won't matter as it will be tossed aside as a one-time non-recurring expense and not affect adjusted earnings - which is the basis for comparison to analyst estimates.
I agree that 2016 is going to be very good all around.
I plan to buy more on any pullbacks between now and year end.
Patience...secure 8% dividend makes it easy.
We've been through this before - company always performs.
My only concern would be company gets acquired cheaply with the shares this low again.
unfortunately the analyst was stuck on the 63% increase in compensation. over the past few years, the compensation was actually low in my mind...and they have done a tremendous job turning things around...lots of bang for the buck. as was indicated, and apparently the analyst could not get through his thick skull, most of the increase was the valuation of OPTIONS ... they aren't worth squat unless the stock goes higher. the total compensation number may be up 63%, but it's not like the increase in compensation is cash going right into their pockets.
it also seems that there are more analysts involved now...it may take them a little time to come up to speed ... the folks here likely know more/better at this point.
unfortunately, none of the analysts were impressed enough with the quarter to say "nice quarter guys".
so long as the company is performing, increasing the bottom line, decreasing the debt, and making good progress, they can manage it as they like.
if you ever have concern or believe that the amounts being taken are egregious, I will tell you, the analyst, and anyone else to go look at what is taking place at FLL.
this company is very well run.
I'm personally not excited about the acquisition, however, knowing/seeing what this management team has already done, I am willing to give them a long leash.
if you have access to time and sales data, check what happened beginning at exactly 15:50:00 on Friday. now, go look at some other stocks that similarly trade low volume - with most you can see the same took place with a (relatively) large closing trade at 16:00:00...the activity began at 15:50:00 with all of them - which obviously means that it was all computer driven.
my belief is that shares of all these companies should gravitate to where they were trading just before 15:50:00 on Friday...unless there is news since then justifying the current share price. some were moved higher, others lower.
1. Today was the time for buying - right at end of day. People selling simply because market was down, and market maker manipulated price with last trade so it would close under $6.
2. I was likewise concerned about a lowball buyout with the shares so low. However, Singer and Miller still hold good size positions and they will not allow the company to be sold cheap.
Shares have obviously been gaining strength and there has been some good sized purchasing the past few days. Shares will certainly bounce back, as today was just the market...can't do anything about that...except buy more. I think we both know that under $6 is pretty great with the dividend and continued low market interest rates.
quadruple witching hour (google it).
similar happened with many other stocks/companies...it was just extremely prevalent here because of the illiquidity of shares.
shares will slowly trend back under $8.25...today and probably tomorrow you have stragglers who simply see the shares are down $2 and think they are getting a bargain.
UBCP is a good bank showing good results. however, at $9 it is a bit overpriced considering current performance.
yes, I'm just noticing the volume myself.
maybe with the Fed pushing off the rate increase once again, people are reconsidering the solid dividend here in addition to the improving outlook going forward?
whatever the reason - volume increase with share price increase is always a good thing.
shares certainly want to go higher, but there is going to need to be a big burst of buy volume to get it over the hump at $6.20/$6.25.
I've begun trading it to pick up some spare profits on the side.
The "games" I am talking about are days with volume of over 100,000 shares where the share price is between $6.00 and $6.25, and today with only 20,000 shares fighting to hold $5.65.