downsideup
12年前
I'll look at it again, maybe for a bounce, at $1.39...
This was a pretty decent technical pick back in July... but, don't see that it has much going for it now...
Right now, there's hardly any point in doing DD on this thing, given the overwhelmingly negative patterns in the charts...
With just a quick look, though, I've found a good number of problems that seem they're not currently being addressed in the DD effort here.
Rawnoc
12年前
ROFL!!!! FFEX total trading volume last week was PISS:
Sep 28, 2012 2.00 2.07 1.90 1.99 105,700 1.99
Sep 27, 2012 2.00 2.08 1.98 2.01 69,300 2.01
Sep 26, 2012 1.98 2.05 1.98 1.98 26,300 1.98
Sep 25, 2012 2.08 2.08 1.98 1.99 32,600 1.99
Sep 24, 2012 1.98 2.10 1.98 2.03 45,400 2.03
http://finance.yahoo.com/q/hp?s=FFEX+Historical+Prices
You must be confused with some other pinksheet garbage. FFEX averages less than 100,000 in volume a day. 4.6 million shorted last week? ROFL!!!
Rawnoc
13年前
FFEX going to EXPLODE IMO. Here's why:
(1) FFEX earned .06 EPS last Q and guidance implies .26 EPS for the 2nd half of the year. If they hit their guidance, which I think they'll easily beat, FFEX should explode fast.
(2) FFEX is a huge turnaround story. After 4 years of restructuring, cost cutting, selling off unprofitable assets and investing in profitable ones, FFEX earned their first profitable Q last quarter since the recession began in 2008 with guidance of "conservative" (their words) of +.26 EPS for the 2nd half of the year or +.52 annualized. FFEX used to trade over $10 and pay a dividend along with a share buyback and even over $4 just last year. In short, management has a long history of success so I expect this successful turnaround to accelerate.
(3) Industry demand plus a industry capacity shortage suggests earnings and growth will continue for some time. Management expects continued profitability.
(4) There is a lot of institutional following and ownership. I think once these earnings coming come out, the stock will make a quick since it's already on many radars but many people may not be understanding the guidance figures and how easily they are attainable based on the success FFEX had mapped out and executed.
(5) FFEX has a small float of 12.19 and trades under book value.
(6) FFEX has a tiny but exploding niche in water transportation for the fracking industry that just started the end of last year, but it has very high margins and growth. From the 10Q: "Water transport services revenue grew approximately 60% compared to the first quarter of 2012 and 290% compared to the fourth quarter of 2011, which was the first full quarter of operation."