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Monday, November 28, 2016 10:00:31 PM
FSI should continue to grow, I agree.
As for the pps in regards to where it will be in 6 months? No telling imo. With only a 6.9 mil float and 11.5 O/S and the recent quarterly report posting .12/share, imo it shouldn't be here. I know where I would like it to be and it may take a little time but I have that and cash to buy as well.
The company cares about it's share price as well imo based on this PR released last Jan.
FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. Today the Company announces that it has bought back 1.75 million shares at a price of $0.90 per share.
On January 6, 2016 the Company purchased 1,750,000 shares of its common stock owned by Aareno Enterprises, Ltd. Aareno Enterprises was formed by Robert N. O`Brien to hold 1,750,000 shares of the Company`s common stock. Subsequent to Mr. O`Brien`s death in March 2015, the ownership of Aareno Enterprises was transferred to Helen T. O`Brien. Since there was a possibility that a substantial number of the shares owned by Aareno Enterprises would need to be sold to pay estate taxes, the Company believed that it was in the best interest of the Company`s shareholders to purchase the shares privately to avoid having these shares sold in the public market and thereby depressing the price of the Company`s common stock. This shares purchased from Aareno Enterprises will be returned to treasury and will represent authorized but unissued shares.
Mr. Dan O`Brien, Chief Executive Officer, comments, "The smaller number of shares outstanding increases the book value per share, the cash flow per share and the earnings per share along with all the other "per share" metrics. This is good for the shareholders. Equally important, is that buying back a share position that could have been forced to sell for tax reasons removes a significant risk to our stock price which could have affected our Company`s future plans if it had occurred at the wrong time."
Recent FSI News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 06:38:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 05:14:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:01:31 PM
- FSI ANNOUNCES SECOND QUARTER, 2024 FINANCIAL RESULTS • GlobeNewswire Inc. • 08/14/2024 08:30:00 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/13/2024 08:00:49 PM
- FSI ANNOUNCES SALE OF FLORIDA LLC UNITS • GlobeNewswire Inc. • 08/12/2024 01:00:00 PM
- FSI ANNOUNCES SECOND QUARTER 2024 REVENUE • GlobeNewswire Inc. • 07/16/2024 08:30:00 PM
- FSI ANNOUNCES CAPEX EXPENDITURE TO ACQUIRE A VIAL FILLING LINE FOR INJECTABLE DRUGS SUCH AS GLP1 FOR WEIGHT LOSS • GlobeNewswire Inc. • 06/05/2024 02:58:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:02:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:53:27 PM
- FSI ANNOUNCES FIRST QUARTER, 2024 FINANCIAL RESULTS • GlobeNewswire Inc. • 05/15/2024 08:30:00 PM
- FSI ANNOUNCES FIRST QUARTER 2024 REVENUE • GlobeNewswire Inc. • 04/23/2024 08:30:00 PM
- FSI ANNOUNCES FULL YEAR, 2023 FINANCIAL RESULTS • GlobeNewswire Inc. • 03/29/2024 01:21:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/31/2024 02:00:02 PM
- FSI ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 REVENUE • GlobeNewswire Inc. • 01/22/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 08:24:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 08:29:34 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/17/2023 08:29:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 08:29:06 PM
- FSI ANNOUNCES THIRD QUARTER, 2023 FINANCIAL RESULTS • GlobeNewswire Inc. • 11/14/2023 09:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:05:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/20/2023 06:41:48 PM
- FSI ANNOUNCES THIRD QUARTER 2023 REVENUE • GlobeNewswire Inc. • 10/16/2023 01:00:00 PM
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