Stock alerts from the Monsta Momo. Stock trading, making money and always looking for the next big money maker.
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anyone ever try out the*stock-dork ? I saw a post about them on the FARO board and ever since I have been hooked. .
After hours FARO down over 9%. I'll buy some more tomorrow if it's still that cheap. The quarterly was generally pretty positive in terms of their sales, and it sounds like there is a plausible explanation for the quarterly loss, namely, spending associated with efforts to grow the business.
This is one of the few tech stocks that still has the potential to go way up if they are clicking on all cylinders at some point down the road.
Yahoo Finance Insights
FARO is down -5.17% to 36.70
Yahoo Finance Insights
FARO is up 4.91% to 37.40
Many techs have gone up a lot in the last 6-12 mo but not the case for FARO. I have wound up tending to go in and out of it and that happened to work well for me, but I prefer to be a longer term investor.
When I look at FARO right now I like what I see. Strong balance sheet, strong sales growth. Profit is poor which seems to be what's holding the stock down. But it appears to me that the depressed profits are primarily a side effect of their aggressive efforts to grow the company. And it sounds like the growth potential is pretty good. In the conference call the discussion of construction as a newer market that has lots of untapped potential sounded pretty positive to me.
A lot of tech companies I consider very good ones have stock prices that are awfully high right now. Tech has always been where I did the best investing wise and I am only down to a few remaining tech stocks in my portfolio right now, so I am thinking I am going to up that count by one by getting back into FARO. It seems to me their growth cycle could evolve into a strong profit cycle that could propel the stock within a year or two to up to 2x what it is now.
If the booming macroeconomy cools off then maybe it won't be a great investment but it should have a lot less downside than the techs that have gotten very toppy, and a strong balance sheet like FAROs always helps reduce the downside potential as well.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is -0.1 In other words, the correlation coefficient of the other stoc