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Started By
Message
re: Franks International is causing me angst..
Posted on 2/12/14 at 4:08 pm to fatboydave
Posted on 2/12/14 at 4:08 pm to fatboydave
quote:
Today below 22$ at 21.8
What the hell is going on ?
Any reason for the continuous drop?
Northwest, I doubled down at $23 to lower my average share price and what happens. MF'er continues to tank! Somebody at FI give me some reason not to lose my mind.
0
Posted on 2/12/14 at 4:28 pm to barry
quote:
because its a complete and total farce.
Strong statement. Care to share your reasoning?
Isn't it safe to say that psychology and sentiment play a huge role in the market value of a company? Assuming this is the case, don't you think it's quite possible to estimate or otherwise get a feel for these human elements by watching the way prices fluctuate? At the very least, closely monitoring price action gives you more information about a stock than you would otherwise have. Do you believe this extra information is totally useless, or, worse, will more often than not give you the wrong idea?
Ex. A stock's price has been falling pretty steadily for a couple weeks, but the intraday trading for most of those days has generally been low to high. Couldn't this be an indication that, although many people are obviously selling and driving the price down, that there are some strong buyers propping the price up each day, giddily accumulating shares at what they perceive to be low prices? Maybe somebody knows something that most of the market doesn't?
Posted on 2/12/14 at 4:30 pm to cuyahoga tiger
Never add to a position you are down on. I never add unless I'm in the green. Why contribute more to a loser?
This post was edited on 2/12/14 at 4:32 pm
Posted on 2/12/14 at 5:19 pm to LSU0358
I'm unsure of what to do also
This post was edited on 4/5/14 at 2:04 am
Posted on 2/13/14 at 10:34 am to Korkstand
Bump for barry. Curious to see his thoughts.
Posted on 2/13/14 at 3:07 pm to fatboydave
My UBS adviser on 12/5 shared their analysis as
and
This is only a small portion of the report. I get the analysis as part of the 1.5% fee they charge me/my employer for managing our 401K's.
However, they have been wrong before and it doesn't make me feel much better. But slow and steady as they say......
quote:
12-month rating Buy
12m price target US$30.00
and
quote:
Fundamentals: Offshore strong, land underperforming, but should improve
1) We are forecasting 10% y-o-y rev growth in '14 for FI's global tubular svcs, driven by
the floater rig count growth of 8%-9% (offshore is 70% of FI revs). FI is winning over
half of the ultra-deepwater awards for 1H-14. 2) U.S. Land revenues down 15% YTD
(~13% of revs), however we believe FI will increase its focus on maintaining mkt share.
3) Int’l land in 2013 also impacted by the slow-down in Egypt and Latin America
This is only a small portion of the report. I get the analysis as part of the 1.5% fee they charge me/my employer for managing our 401K's.
However, they have been wrong before and it doesn't make me feel much better. But slow and steady as they say......
Posted on 2/13/14 at 3:12 pm to cuyahoga tiger
closed down again today at $21.77
Market Up FI down :banghead: :banghead:
Market Up FI down
:banghead: :banghead:
Posted on 2/13/14 at 3:13 pm to cuyahoga tiger
Any expectations on the upcoming earnings?
Posted on 2/13/14 at 3:24 pm to cuyahoga tiger
Glad that I did not buy this stock and I live in Lafayette where they are headquartered
Posted on 2/13/14 at 3:28 pm to OnTheBrink
quote:
Any expectations on the upcoming earnings?
Forecast returns
Forecast price appreciation +15.8%
Forecast dividend yield 1.2%
Forecast stock return +17.0%
Market return assumption 5.3%
Forecast excess return +11.7%
They also expect a "special" dividend this year to make up for poor reporting in November.
Posted on 2/13/14 at 3:43 pm to Korkstand
I'll take a crack at what Barry was talking about.
Charting is a self-fulfilling prophecy, nothing more. Seriously, what on earth can a chart tell you about the value of a company? Not a damn thing. That being said, there are a significant amount of people who like charts and they must now be accounted, this reinforcing their beliefs that charting is a legitimate concept.
Charting is a self-fulfilling prophecy, nothing more. Seriously, what on earth can a chart tell you about the value of a company? Not a damn thing. That being said, there are a significant amount of people who like charts and they must now be accounted, this reinforcing their beliefs that charting is a legitimate concept.
Posted on 2/13/14 at 4:09 pm to slackster
quote:It tells you a lot about the market value of a company. Current value, past value, general direction value is moving, the approximate percentage change in value that triggers profit-taking, etc. A chart says as much about market value as a fundamental analysis using half a dozen educated estimates and several dozen complete guesses does about intrinsic value.
Seriously, what on earth can a chart tell you about the value of a company?
quote:This is part of the human psychology and behavior that I am claiming that TA can reveal. The first guy to start doing it thought he was onto something even though the charts he was looking at were produced by people who were not looking for and trading according to patterns. But even if charting is a self-fulfilling prophecy, the important part is that it is fulfilled.
That being said, there are a significant amount of people who like charts and they must now be accounted, this reinforcing their beliefs that charting is a legitimate concept.
Posted on 2/14/14 at 8:29 am to Korkstand
I agree, which is why I said it is a necessary evil.
Posted on 2/14/14 at 9:17 am to slackster
quote:
I agree, which is why I said it is a necessary evil.
Ok, I will mark you down as saying it's not "a complete and total farce".
You around, barry? I'd still like to see your thoughts.
Posted on 2/15/14 at 5:20 pm to Korkstand
save your money for the next correction. I never understand why people buy stock when the market is high (unless day trader/ momentum trader). who really thinks we will be above 16000 in the next 2-3 years. Sell when the market is booming and slowly put in during a crash or correction. It always comes back up. I am assuming most people on this board are under 40yo. you shouldn't be putting in market unless it is spare money anyway.
Posted on 2/16/14 at 12:44 am to LSU0358
quote:
Never add to a position you are down on. I never add unless I'm in the green. Why contribute more to a loser?
You serious Clark?
Ever heard of averaging down.
Posted on 2/16/14 at 4:13 pm to cuyahoga tiger
Well I was leery when they announced a huge investment in fixed costs a few months ago. They also talked about adding employees. Those things are good for the economy, good for mankind, but Wall Street doesn't like them (another reason that we shouldn't manage the economy based on what Wall Street likes).
Their management is still to insular for a public corporation, imo.
That said, I'm keeping my eye on them and might buy some. If they can get the revenue to absorb that fixed cost, it should be a go. It's discounted from its high of around 30 I think and is about at its issue price.
Their management is still to insular for a public corporation, imo.
That said, I'm keeping my eye on them and might buy some. If they can get the revenue to absorb that fixed cost, it should be a go. It's discounted from its high of around 30 I think and is about at its issue price.
Posted on 2/16/14 at 6:58 pm to Overbrook
quote:
Their management is still to insular for a public corporation, imo.
I could see this. its still a very small town/Lafayette business in my eyes.
Posted on 2/20/14 at 10:10 am to cuyahoga tiger
Anyone knows why FI is dropping like a rock again after i jumped in at 21.80$ ? now at 21.30
Im afraid it has to do with the earning that is about to be released
Im afraid it has to do with the earning that is about to be released
This post was edited on 2/20/14 at 10:18 am
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