Hammer - jbccpn - - I too liked what I heard and read about Frank... And bought in before earnings... Not a good move... I too believe in the long term prospects of this stock... I am now 2nd guessing why they decided to go public now??(may mean nothing).. YES they now have to learn to manage earnings and projections... Lets hope... All I can do now is wait... Was not impressed with what I heard from mgmt. after last earnings re: the near future... Time will tell.
gurprteetone --I provided an answer to stockpickers question based on my opinion after witnessing the sharp decline in price after earnings and listening to the call...The conf. call projects another decline in earnings next qtr.. along with other negatives... Do you have an opinion to offer stockpicker???
you should call in and listen to it for yourself. .... Please note - it was after earnings and this call that the bottom fell out..
I am not a trader but more of a long term investor... Like AI... Very happy to be an owner.. Your strategy is very interesting....Something to think about... Happy Holidays to you...
According to the mgmt. which reported on the conf. call it will take a lot longer than 2 mos. for a turnaround.
to be such a good co. and strong leader in its field... However, largely ignored at IPO, first earnings horrible, guidance lowered by mgmt., down day after day after day... MAYBE not so good after all... Stoxx - hope your positive outlook is correct.. But I am concerned.. (why did they go public after all this time???)
stoxx - sounds like you should charge.. haha!! no didn't get in on IPO.. But unfortunately did buy before earnings... I too did a lot of home work - like their history, fundamentals, proprietary nature, patents, lack of debt and contract on board for 2014. etc.. ..That is why I bought before earnings... MISTAKE! (sounded like they knew what they were doing - wrong.) I am saying I believe Franks is a good co.. but mgmt. is #$%$ poor at managing earnings... and setting guidance. That is what the stock is and has reacted too.. Thus all the downgrades which adds fuel to the fire.. Listening to the conf. call was very unnerving. Hoping for better for us all.
Did a little research... George Soros bought shares the end of Sept.. an average of 28.01... as of today down 4.43 a share.. Wonder if he is kicking himself like the rest of us??? With his $$$ and all his other investments maybe it doesn't bother him as much - either way - doesn't look like a good investment right now. Hope it turns around for him too.
As much as this is down we have a right to complain... Not just down today but the day before, the day before, the day before, the day before and all the days before that.... You are obviously smarter than some of us and bought lower than we did.... Question is did you wait and buy low enough??? Hope so for all our sakes.. Because I am in for the long haul there is no panic BUT the right to complain is mine as a shareholder.
Can only speak for myself... Down over $8 a share I can't afford to dump it... If you want to buy more at a lower price point maybe you should keep what you own and just average down...??? (hate to see you take a loss if you want to get back in) Me - I am just going to hold - hope it finds bottom sooner rather than later and maybe someday it will come back.... ACCORDING to the conf. call.. next earnings will be ROUGH too... So it may still go lower... 2014 they were expecting a good turn around - BUT - as poorly as they have managed so far - who knows... Good luck.