Joe, thanks for the post. It's just another of the many confirmations we have receieved that the equipment industry is picking up. However, the big question is: IS FSI THE BEST STOCK TO HAVE IN THIS GROWTH TREND.
I would say no. A couple of reasons why. First, the company has a poor relationship with Wall Street. For example, when was the last announcement from this company? No announcements of orders, strategic alliances or, announcements on direction the company is going. That does not help share price.
Secondly, I remember seeing a post a few back that someone had spoken with investor relations and asked about new orders. IR said that they don't always announce new orders. True, but we have'nt seen any orders for over 3 months and they used announce new orders on a much more frequent basis! Is that something you expect from a market leader? I Don't think so.
If you want to take advantage of the next market upturn, I think you have to own companies like: KLAC, AMAT, LRCX, etc...
I was hoping to get out of FSI at $19 last week. It did not get back there. I hope I am not going to have to hold onto this one for another 6 months just to get back to $19.
Obviously, I am very interested to hear about earnings. However, I am not expecting any big suprises on the earnings side of things. However, it would be nice to hear about how they are going to build their business and gain some market share.
Interestingly, this company made $1.25 in 1995. I think that earnings projections for 1998 are around $.75 - $.85 a share. A far cry from $1.25 a couple of years ago.
Could this company be a "Has Been"?
When are earnings due out? |
