I think FRP might have reached its upward limit and that a pullback may be possible. check out awe.some.stock.s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.8 In other words, the correlation coefficient of the other stock
If we are to go off the EPS growth % next Y which is -138.50%, then you could argue that a pull back on FRP next day or so could occur before rallying up. Yo you should really check out awesome-STOCKS, they seem on point with their stocks.
Bust me up, the PUC should never have approved the Verizon sale, since we predicted there would be a bankruptcy and that FRP was in over it's head logistically and financially. Well, at least the top dogs at FRP are making money off this fiasco. Funny but sad.
Load Up The Truck Now FRP These guys are churning out huge winners I swear. Google STOCKTRADEVIDEO and you will see!
Dear Maglan Capital,
This is now the third letter to FairPoint mangement in just the past couple months. May I suggest you channel your letter-writing energy and resources into something constructive. One of Fairpoint's competitors in New England, Otelco.
You state FairPoint "only" trades at 5x trailing twelve month EBITDA. While you may find that cheap, Otelco trades at less than 3.6x TTM EBITDA. If you attach a 5x multiple on OTEL, you have a stock that trades at just under $15/share. Further, Otelco's EBITDA actually rose in 2015 from 2014. And Otelco's leverage is lower than FairPoint's.
You are upset none of FairPoint's Board members have not made any direct purchases of stock. Five of seven Otelco Board members have purchased stock in the past few months.
Oteco has reduced debt by over $33 million since restructuring three years ago. Leverage is around 3.12x.
Otelco's price is artificially low (temporarily) due to Class B shares converting to Class A. The selling was from six banks that had the prior credit facility.