SargeK re: FGH, actually I'd prefer direct answers to the questions
I'll try to ignore the "personal" comments. As far as FGH, I am looking for a reason to go "long" on any weakness here - does that make you feel better ?
But; there is speculation that FGH may be taking substantial charges this qtr, that they will show further severe backlog deterioration and if the rest of the world (other than you) doesn't hear any NEWS from FGH's IR - then the vacumn will continue to be filled with rumor & inuendo.
Clearly FGH is in control of this issue - if they want to be... ?
I wasn't the one who structured the merger to highly benefit Dane & Holloway if the stock price crashed lower prior to the merger ! ROFLMAO ! - and YOU SargeK have the sheer audacity to accuse someone else of stock MANIPULATION - look right in front of you for christs sake !!!!!!!
WHO THE HELL BENEFITED THE MOST ON FGH's STOCK PRICE CRASHING PRE-MERGER ?!?!?!?
... FOLLOW THE MONEY !
... and you wonder why FGH has never had major institutional ownership indicative of their position in the industry ?!?!?!?!
As per a comment on Yahoo - maybe the same folks who benefited with lower stock prices going into the merger - are benefiting , or desirous to buy low here and are not in a hurry to release good news - if there is any ?
Sure as hell makes you question what the hell FGH & their IR dept is thinking ? If they have news - then release it now ! Many people feel they were sold down the river by FGH sitting on news going into tax selling season ?
But, once again - per speculation; maybe they want to save the good news they have, to buffer the bad news coming in the qtrly release - ie: Charges, or severe backlog deterioration, or worse ?
SargeK, - as the resident expert on FGH and one who has professed publically to having a direct access to FGH's IR rep - and has passed on news & info that the public hasn't heard; maybe you can stay on topic and answer these questions:
1. Will FGH be taking any "CHARGES" in the coming qtr, if so for what & how much ?
2. Are they laying off ? If so, how many & what yards and what projects do these yards specialize in ?
3. Why didn't they release the news they supposedly are sitting on - to stop the stock crash going into year end 1999 and why aren't they releasing it now ? ie: the speculation that they HAVE to save it in an effort to buffer the bad news...
4. Show us the money ? per many CEO's; for example like XTO's Bob Simpson - who came out and publically stated his corporate goals for cfps, earnings & production etc - what are the goals & targets for FGH ? New order revenue in 2000 ?, projected backlog by year end 2000 ? Net income/EPS for 2000 ? etc...
Quite frankly; I fail to see the near zealot blind obsessive loyalty to a company who in my personal opinion is among the LEAST deserving of ANY loyalty... no news, deals structured to benefit the rich - who get richer while the poor get poorer ?!?!?! - and sit on news !?!?!? while the stock crashes and people bail out with tax losses ?!?!!?
For the life of me, I honestly do not see a more terribly run company from an investor standpoint - in MY opinion; this is THE WORST !
Any you zealots want to chastise those who dare spew on this group ? Give me a damn break. You got what you deserved imo...
... now, do not confuse the fact that I would go long the stock in a heartbeat as it would be purely a financial decision, I can despise the way they lookout for shareholders; but I have no problem profiting on the movement of the stock (by following the MONEY ! - and who benefits when...) - while simultaneously despising the way they build shareholder confidence ; I would not trust these people any further than I could throw a Jones Act Double Hull Tanker...
PS - that short interest ??? Let me put a special someone under oath and ask the questions on how & why that short interest appeared long, long, long before ANYONE other than Jesus Christ, or Nostradamus could have possibly known that this was a good short candidate... that STENCH will NEVER go away... no one is fooling anyone on that issue; strictly dancing around the terminology issue imo... "someone" hedged their position in my OPINION - period. Can you imagine those 1 MILLION + shorts who were short over $18 and who STILL have not covered here for a damn 3 BAGGER at $6 ?!?!?!?!? Now; if you can logically ask yourself - WHO would not cover a 3 BAGGER SHORT here ?!?!? - there is only ONE possible answer folks... and it should make you all want to puke - and it should also explain the way the merger deal was structured and why the news does not seem to be timely for the individual shareholder and why FGH does NOT have the Fidelity's of the world institutionally owning major positions in their stock - 'nuff said ?
The day you see FIDELITY own a substantial position in FGH is when I eat a crow sandwich...per this marketguide link; FGH had 1.2 MILLION SHARES SOLD BY INSTITUTIONS in the last qtr shown by marketguide.
That is HUGE !!!!!!!!!!!!!!! - as Institutions only hold 4.136 Million shares !
They sold at a 3:1 ratio !!!! That is among the WORST Institutional SELL ratio's that I saw among this sector !
Explain THAT Sarge ?
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