I would check the history of those analysts that say FRO is going to lose money. Look at Dec 2012. They predicted a 54 cent loss for the quarter and FRO made a 6 cent profit (remember that run up to $9.50 per share?) Look at last quarter ending sept 2013...they predicted a loss of 47 cents and only had a loss of 17 cents and if I remember right, we didn't have too many days over $25k per day during that quarter(although I didn't check that often) Also keep in mind that rates today are about 50% higher than they were last year when FRO turned a profit for 4th quarter. Analysts are DEFINATELY being conservative. Listen to Buffet...buy when investors are fearful, be fearful when investors are buying. People are still afraid of this one and will be until they show profit...but by then, they will have missed the boat.
Because Rates only jumped to $50k last month. I wasn't sure if it would hold, but so far it seems to be. If rates stay this way, I would not be surprised to see $5 by the end of this year. But don't sell at $5. If rates hold at $50k per day and FRO actually turns a Profit in the first quarter, we could see this stock shoot to $10 or $15 per share.
Sentiment: Strong Buy
Go to the website elitetrader. They have a politics & religion forum (as well as trading). You can get into it with 100s of right vs left people. Please stop posting #$%$ that doesn't belong on an individual stock message board. Nobody wants to hear about Obama, republicans, democrats, ect on this board...we only want to talk about FRO. Its ridiculous that people like lakeed98 and others have been posting on this board for years. Like I said...go to elitetrader in their politics & religion forum. You will LOVE it there. Leave this board alone unless you have something FRO related.
Well as of this morning, I just purchased some STSI. I put in 6.5% of my entire portfolio in this stock which means I have confidence in it. (The maximum I will ever put in one stock is around 10% and I've only ever done that with one stock and it was a sure thing)