Chris/Rairden,
I guess I should have known, but I didn't realize there
were people who have held this stock longer than I!<gg> I
bought in June of 96 at $13. Don't ask me why I held it
so long because I don't have a good answer.
As we all know, one of the biggest problems that management
couldn't seem to fix was to staunch the red ink in a timely
manner. Most companies get into trouble once in awhile, but
they take action to correct the problem(s). The red ink at
FSII has been going on for a long time, and incredibly, is
projected further into the future as the following table
shows.
QTR 1998 1999 2000 2001
NOV 0.08 -0.31 -0.43
FEB -0.27 -0.16 -0.14
MAY -0.11 -0.11 -0.04
AUG -0.63 -0.63 0.07
TOTAL -0.93 -1.21 -0.54 0.43
The last 3 quarters for FY 2000 are estimates. FSII is
still projecting a quarterly loss for the quarter ending
in May. Assuming that is true, that makes 12 straight
quarters of losses. Incredible!!
Anyway, the stock is probably on an upward trend for a
couple of reasons at least. Finally, the quarter ending
in August is projecting a profit, and I am beginning to see
a lot more articles lately projecting takeovers and mergers.
FSII is mentioned many times as a takeover candidate.
I don't know if it will continue obviously, but right now,
I think it has the strongest chart pattern of any of the 36
stocks I have been reporting on in this thread. Of course,
this is a subjective judgement since beauty is in the eye
of the beholder!!.<gg> |
