Kent, I agree with your comments. It is extremely difficult to sit and watch a stock suck wind when many other tech stocks are moving up.
I agree with your assessment. I will also state that if this stock is in this range next quarter, there is no question in my mind, I will be out of this stock. For a company that on paper has appeared to show such promise, it is hard to believe that the earnings estimates are accurate and that this stock is trading where it is. I remember a couple of years ago when this stock was trading in the 20's and 30's and had a lot more volume and exposure in the marketplace.
Additionlly, they say orders are picking up, but quite frankly, I don't see it. A couple of years ago, even a year ago, we saw more consistant announcing of new business coming forth.
I will be very interested to see where earnings fall next quarter. In theory, with the supposed $6m order which got delayed, FSI should beat the forcast for this quarter. Assuming the $6m order ships with the rest of the forcasted business for this quarter.
For a high tech, cutting edge growing company, it is hard to believe that the trading range of such a "Promising" company and stock can be as bleek as 9-18.
Sorry for the negativity, but I have offically gone bearish on this stock. I just don't see any logical reason why we will see 20 out of this stock by years end with the estimates being what they are. Of course, I know those can be wrong, but this stock just does not get the exposure on the street to do much more. |
