Fuel Systems Solutions (FSYS) really hit one "out of the park" when they reported second quarter results. Revenue rose 50% from $65.6 million to $98.3 million, generating a ten fold earnings increase to $.29 versus $.03. If it wasn't for a non-cash impairment charge of $3.9 million relating to its Australian operations, the company would have delivered a staggering $.54 EPS (almost twenty times higher than the same quarter last year.) FSYS's gross profit margin increased an astounding 700 basis points from 22% to 29% while its SG&A costs were slashed 17% from 14.1% to 11.8%. The company's l
I didn't expect to be writing about Fuel Systems Solutions (FSYS) again, especially the day after completing my previous piece. I anticipated that Thursday's news would propelshares nicely higher, but I was totally blindsided by the intensity of FSYS'srally. I mentioned earlier not to even contemplate selling shares before the$50 mark was reached.
Who would have ever imagined that the share price would swell almost 29%, exceeding my target price in a single trading session?! I suppose Friday's 300 point Dow rally didn't hurt matters either. What makes Friday's massive appreciation ev
Fuel Systems Solutions (FSYS) is clearing a somewhat short and choppy base on good volume today. Analyst estimates have ramped over the past quarter. Explosive EPS growth and low debt. That FSYS's breakout is following shortly after the general market's follow through is all the better. Even better still is that FSYS is being joined at new highs with many other glamour leaders. I have added FSYS to the Glam 5 Index and will be closely watching it's action. I will use stop losses in the 4-8% range to limit my risk.
This is quite a sad market. Friday we sold Massey Energy (MEE) post earnings pop in the $81s saying it would probably give up all it's gains. Within 2 sessions it fell to mid $60s. Yesterday morning I sold down a position in Fuel Systems Solutions (FSYS) in the lower to mid $39s on the "Cramer followers" pop.... by the end of the day it was down in the $36 and gave back almost the entire 10% gain. This has simply been the pattern - gains are not sustained. We can't do this over and over over 55 long positions in a mutual fund environment, but we are doing it here and there selectively....
Fuel Systems Solutions (FSYS) is clearing a somewhat short and choppy base on good volume today. Analyst estimates have ramped over the past quarter. Explosive EPS growth and low debt. That FSYS's breakout is following shortly after the general market's follow through is all the better. Even better still is that FSYS is being joined at new highs with many other glamour leaders. I have added FSYS to the Glam 5 Index and will be closely watching it's action. I will use stop losses in the 4-8% range to limit risk.
Looks like Fuel Systems Solutions (FSYS) is getting some attention from mainstream outlets - Friday it was presented in Investors Business Daily and lo and behold later in the day, Mr. Jim Cramer was touting it on his show. Frankly, I get much unease when Cramer highlights any stock I own, especially of the smaller cap type, because of the type of investors whom he brings (in, out, flip it, rip it, punch it, kick it, pump it, and scream Boo Yah) Most people are happy with the quick bounce his hordes bring, but myself... not so much.
In fact with the market so punishing I am going to use th...
As many of you probably know, oil speculator extraordinaire T Boone Pickens has a plan, a plan to save the world from itself in the form of clean energy (well sorta, more on that later). Mr. Pickens, I applaud you for your efforts and for stepping up at a time when government agrees to disagree on just about every issue including investments in green energy solutions.
The Pickens Plan was announced a few days ago and its aim is simple, at least on paper. Decrease our dependence on foreign oil and do it now with the use of wind power and powering vehicles with natural gas, both of which Pic
T Boone is everywhere today [May 20: Oil to $150 by End of Year] - CNBC, Good Morning America, USA Today - and since our leadership is ignoring the problem.... err solving the problem by suing OPEC and proposing gas tax holidays - he has launched his own website "The Pickens Plan" and a publicly tirade, err campaign. Thankfully he is incredibly rich so he can afford to do this and get the facts out in front of the people. Middle class people in this country with ideas need to either band together in huge groups to aggregate their money, or be left out in the cold. So we need to get the m...
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
Fuel Systems Solutions (FSYS) has had a tremendous rise since my piece back in April. The shares have nearly quadrupled in less than three months and are due for a correction, They have simply gone up too far in too short of a time frame.
The shares are pricey: Trading at 38 times 2008 earnings estimates and nearly four times book value of $9.70, the stock is vulnerable to some hefty selling if FSYS fails to execute its business plan flawlessly, as this equity is priced to perfection and beyond.
Fuel Systems is the definition of a growth stock that has had an excellent run in stock price and returns over the past month. FSYS smashed street earnings expectations last month, posting a 150% EPS surprise. Earnings estimates have been since trending upwards, debt/total capital ratio has decreased by a healthy amount, and the ROE for the trailing four quarters has increased by over 12% from its previous year.
FSYS is entering into new 52-week highs. MACD is bullish, although it has fallen to the same level as its signal period. However, healthy levels of volume indicate the market
Fuel Systems Solutions's (FSYS) business model is based on crude at $40 a barrell, and
at oil almost triple that amount, the company is reaping the
dividends.<!--more--> FSYS is a alternative fuel supplier that produces products
that enable gasoline and diesel engines to be converted to cleaner
burning liquified petroleul gas [LPG] or compressed natural gas [CNG].
The conversion provides advantages; cost savings versus gasoline could
be as much as 40% and the cleaner burning effects comply better
with increasing environmental clean air demands.
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FSYS
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About Fuel Systems Solutions Inc.
- Answers.com
The conversion provides advantages; cost savings versus gasoline could
be as much as 40% and the cleaner burning effects comply better
with increasing environmental clean air demands.
