Obviously the business plan is to repeatedly dilute shareholders. Great business plan with no benefits. Hope that works for you. Prepare to see $1.00 again.
Now that's what I call accretive ..... NOT !!
The one we all laughed at ? Well now it looks as if .03 is too high. Simply unreal as to how these guys can spend money as fast as they can print it.
grandslammer222, after that CC, you struck out. Give the bat to someone else. And apparently you have no idea what the definition of "profitability" is. Par for the course on this kool-aid thread.
Meanwhile, investors have been hoping for EPS of .25 when in FACT it will be negative yet again.
Our firm is in the queue, but I'm not holding my breath.
These guys couldn't make a profit if their life depended on it. A total joke of a company.
Fair value at best is $1.10 at the moment and maybe you're now realizing that earnings don't mean squat due to the Leucadia agreement. Amazing how many new bagholders were created last week.
Same delusional old men that haven't been out of the house in years, still looking for attention their families most likely never gave them. The same miserable people that never made a dime in the market for themselves and hate that others here have gone to the bank repeatedly during the many swings. Won't be long before they're really kicking themselves upon "The Announcement" that sets the company free and sends shareholders to the bank yet again. The same 5 or 6 people on this board for years. Borrrrrring. In other news, I spoke recently with the CEO of both Jasper & Conductive Composites and seriously, I doubt you guys have any idea what's coming. Hint: You'll learn nothing by reading this amateur hour thread, so put your tennis shoes on, get out there and execute some REAL DD as our firm has done for years. My guess is that within a year, Doug Bathauer will have several other companies knocking on his door in search of his "turnaround" services. The guy is "money," plain and simple. He has taken a "left for dead" joke and is on the verge of turning it into a very recognizable name on Nasdaq. Say goodbye to the OTC. Okay men, carry on with what you do best .... nothing.
I was able to press my short at $2.70 when the Citi reiteration came out. Like taking candy from a baby.
Forget about Citi ... open your eyes and read the 8-K about the terms of the Leucadia deal. It ain't rocket science as to why the stock is worth .75 cents.
Thanks for buying the stock up in the nosebleed section, thus allowing me to short the daylights out of it. I'll thank you even more at $1.70
Citi commented on FXCM Inc (NYSE: FXCM) Friday following its Q4 results, which included adjusted EPS of $0.20 adjusted versus an expected $0.15.
Analyst William R. Katz maintained a Sell rating on the stock with a $0.75 price target and said the company's equity value was "effectively zero even as management reconstitutes [the] business" once again.
While the company intended to repay its loan from Leucadia sooner than expected via asset sales, Katz did "not think it changes the ultimate economic reality around little residual value for equity holders given the onerous terms (including [a] claim on distributions and sale proceeds) of the rescue financing following the EUR/CHF depegging."
Katz added that it was difficult to model earnings because of a changing client base, a re-focusing on small retail FX clients and "the fair value accounting which will run through the P&L to account for the debt and economic rights given to Leucadia."
The firm expected an adjusted EPS (loss) for 2015 of $(0.05) and adjusted EPS of $0.03 in 2016. For 2017, the firm estimated adjusted EPS at $0.08.
The analyst concluded there was "little economic value remaining" following asset sales of approximately $300 million to satisfy debt and noted that "another strategy re-jiggering" had taken place with the exiting of institutional and market making businesses.
And analysts EPS estimates for this quarter average -.80 cents. Yeah ... this is a stock I want to own, especially since Leucadia owns 90% and FXCM shareholders only have 10% equity ..... NOT !!
No problem .... only a complete fool would buy the stock here, but then again, I owe a big thank you to these lemmings that have NO clue about the Leucadia deal and what they actually own .... or don't own as in thnis case. As always, I'll go to the bank with their cash. Business as usual. The stock will be back at $2.00 in no time at all and then it will break below $2.00
LOL .... go ahead and buy more you lemmings. I suppose you geniuses know more than Citi ?
That's just it .... they could pay back the entire loan tomorrow and the deal with Leucadia does NOT change. You guys that own the stock own no more than 10% of the company. Look at the market cap right now and multiply by.10