Whether or not the shares have reached the bottom makes no difference at this point - they are undervalued. Why? Look at 2013 performance vs. 2014. 2013 was much worse and shares at this time last year were higher than where they are now.
Significant sales growth is taking place. Q3 had a bottom line loss only as a result of income taxes. Go read the income statement in the 10Q comparing 2014 with 2013. It's right there.
I look for momentum to continue in 2015 and come this time next year, the shares will be higher, and continue higher - not falling off as they have.
Anyhow, the dividend is secure and very good considering the continued low rate environment. Take advantage of it, and simply be patient.
That is incorrect, as of Sept. 23 Riley still owned 1.854 million shares down from 2.145 million in June.
Please show/prove otherwise.
December quarter lowered to 2 cents
March quarter lowered to 4 cents
Full year 2014 at 12 cents, however quarterlies only add to 10 cents.
Full year 2015 lowered from 25 cents to 19 cents - which I'm guessing will be too high and likely to be reduced over time.
on Seeking Alpha this evening:
FXCM: This Equity Is Nearly Worthless
Disclosure: The author is short FXCM. (More...)
•FXCM shares have rallied to a valuation far beyond what is justified based on its prior earnings power.
•Its forward value will be harmed by more regulation and reputational damage.
•Shares should trade for less than $1/share.
I'm beginning to investigate.
Decent insider purchasing, shares near lows, company granted approval for fund to acquire up to 45% of outstanding shares - it looks like they are keeping a floor at $3.60.
They also just did a 1 for 100 reverse split plus a 100 for 1 forward split to knock out all the small shareholders with less than 100 shares.
I may just buy a little next week to get in if I can below $3.70.
the point regarding tax loss selling is simply that during December when the tax selling was taking place, it was putting additional downward pressure on the shares. whether the shares are repurchased is of no importance.
there will be some churn in the shares for a few weeks - some people who were buying at the December lows will take quick profits, other longer term holders will sell as they see they've recouped a bit. after the churn is over, then shares will be able to more easily move higher.
"however, cue bought in below market. kind of a scam on shareholders if you ask me"
how is exercising your stock options anything like a scam? if anything, she wasted much of the benefit of the options since at the time she exercised, the share price in the market was only slightly above the exercise price. additionally, when she exercised the options at 29 cents, she also had to pay taxes on the difference between the market price at the time and the 29 cents - so more money out of her pocket. she chose to exercise instead of doing a market purchase for a couple reasons:
1. she would not be able to buy 2 million shares in the open market without significantly moving the price
2. exercising the options provided the means to give the company a cash injection - likely sufficient enough to get it back to the point of breakeven/profitability.
think about it you fool - if instead of exercising the 2 million shares at 29 cents, couldn't she have gotten the same publicity and being all in buying 1 million shares in the open market at 31 cents, or whatever the price was at the time and spending less money? she did shareholders a favor by exercising the options - you are just too focused on trying to put a negative spin on absolutely everything, and you are very wrong in this case.
she could have just as easily exercised the options previously at 29 cents and turned around and sold into the market at 60 to 90 cents when the shares were trading there, but she didn't. why don't you open your eyes and understand what she did was for the ultimate benefit of the company and all shareholders?
so after their 25k block at $4.50 gets taken, seller comes back and puts another 25,000 up at $4.50.
must be turkeys at Freestone.
I could appreciate that she may be restricted at this time with Q4 results pending, however, as soon as she is allowed, she should be buying at least 25,000 or 50,000 shares.
We should definitely see improvement coming - my other small banks that have started reporting (2 in the past 2 days) are announcing record profits for Q4.