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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (37727)5/3/2010 10:28:52 PM
From: Grantcw  Read Replies (1) of 78730
 
Indeed, nice report in my view, and in the market's view also as After-Hours show a trade over $3.30.

In hindsight, FVE has done a great job with their balance sheet throughout the global financial mess. If my memory serves me correctly, they used their cash to buy back their debt at a discount, which really increased the company's book value.

I wasn't a holder back in 2007, but it appears that if:

1) The current quarter's results ($0.12/share in a seasonally weak quarter?) portend a return back to the earnings of 2007

&

2) The balance sheet/book value is markedly improved from 2007

That I would hope that the current stock price of $3 could start inching back up to the levels of 2007 (high of ~12).

I don't think this stock will really run at the open tomorrow, so I will probably double my stub position to get to something that may actually impact my portfolio if FVE does well.

Thanks,

cwg
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