Mark Krieger's  Instablog

Mark Krieger
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I am a value/activist investor dedicated to the following ideals: (1) Focus on high relative strength, (2) Buy low, sell high aka "buy the dip, sell the rip" (3) Short high, cover low, (4) Go against the crowd, (5) It's all about the rules and discipline- hold them dear (6) Analyze the balance... More
  • Fuel Systems Solutions: Fill Up Before 3rd Q Earnings, You'll Be Happy You Did! 2 comments
    Oct 22, 2012 9:20 PM | about stocks: FSYS

    Piper Jaffray just upgraded FSYS to a buy and placed a $24 price target. I agree, because the company will easily be able to exceed eps estimates of 6 cents and sales of $99 million when it reports in two weeks. The fact is, FSYS management is smart enough to sand bag estimates ( in effect, under promising in order to over deliver). Look for FSYS to come in at $103 million on the top line and .09 on the bottom line- this beat will send the shorts scurrying to cover and MOMO players jumping in for a nice 10-15% instant rally.

    Disclosure: I am long FSYS.

    Stocks: FSYS
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  • Mark Krieger
    , contributor
    Comments (6489) | Send Message
    Author’s reply » The Board of Directors needs to do the right thing and reward shareholder's by authorizing a minimum $20 million stock buyback program. This would boost Street confidence in the shares and increase eps as there would be fewer shares to allocate the earnings through. The company was smart enough to sell shares in a secondary offering at $30, why not be smarter and buy those same shares back at almost 1/2 the price-that sounds like pretty good math to me!
    23 Oct 2012, 09:35 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (6489) | Send Message
    Author’s reply » earnings out and they were mixed..met eps, but lacked on the top line. One time charges were a problem such as currentcy exchange charges, inventory writedowns and income tax hits. Guidance was pulled back. Management is oscillating too much, but did talk about the GM business in the pipeline, saying it could be released any second. One thing for sure, the recipe for a stock buyback plan could not be better. When you have a pristine balance sheet, laced with a heavy cash position and your stock is trading at five year lows, it makes sense to do the right thing for shareholder's and quickly adopt a meaningful buyback plan.
    9 Nov 2012, 09:00 AM Reply Like
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