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Lars--great response-one thing I have enjoyed on this board is the positiveness--questions are answered but people are not attacked-I think you handled matters in a good way!! I think that last point should be emphasized--if you have questions, call the CEO--I have on 2 different occasions and got to speak with Paul personally both times!! You can't be much more accessible or transparent than that!!
Great info. When will 2nd quarter financials come out?
Thanks for the quick response. Any idea what the float is and why the company has not given money figures in their recent sales?
Could someone give me the share structure and market cap?
I'm sorry guys--my 6th grade math teacher--Mr. Halpin would not be happy with me after the way I totally abused those numbers. Thanks for the correction, Lars. That extra zero makes a little bit of difference doesn't it?!?
To be exact, the float went up by 628,572 shares to fund their expansion in Ventura County. This company is rolling. More new beds which will help more people and will effect their bottom line. Big buying day in the company today. Over 100,00 of those shares traded today were buys--we have some accumulation going on here!! 127,000 shares bought and 10,000 sold.
Jcon,
I believe it is a 600,000 share increase--ignore the money figure I threw out in my last post--the company got $55,000 in the shares for money exchange for expansion(not $550,000 which would have had a major impact on the float!!!) I am still puzzled as to why the company has been dumping shares so quickly.
I am surprised finance companies want to dump the shares they get for finacing a company so quickly. They must be believers in the company to begin with or I wouldn't think they would put their money on the line. They could have gotten a nice return on their money ($550,000) if they had held the shares for a while. They seem to be their own worst enemy since they are driving the price down themselves by dumping their shares so quickly, particulary with a company like fter which has such a low float to begin with. Just doesn't make sense to me.
I don't see how there could be any sellers based on today's price and the valuation of this company!!
Now if we can get a bounce based on fundamentals, we could have an interesting week!!
Lars,
Is OTC BB one step below NASDAQ or AMEX?? Is that the route most stocks take before they get to the big leagues?
Thanks for the info Joshua.
I found this paragraph interesting in one of the links you sent.
Because the OTCBB listing requires you to be
“fully reporting” and subject to SEC oversight
and all that means including your independently
audited statements and your “go to jail card” for
willingly making material misrepresentations in your
filings and statements, the investing public, institutions
and broker-dealers have a much higher level of
confidence in the accuracy and completeness of the
information available on your company. Therefore
you may stand a much better chance of finding an
acceptable financing partner and potentially better
liquidity for your stock with an OTCBB listing than
you do with a Pink Sheets listing.
I guess the question is, "would it take a little more money or a lot more money?" The revenue, expansion and profits don't seem to be doing the trick in increasing pps at this point. How much would they need to dilute in order to raise th funds necessary to get off the pinkies?
Starting to wonder if it would be best to raise a little more money and get off the pink sheets. Would that be a one time cost or a yearly expense? I think it would be money well spent since we cannot seem to shake the perception that we are a typical pink sheet.
Hey all,
Missed you guys last week. Went on a cruise with my wife to celebrate 25th anniversary. What a trip!! Been cut off from internet for last week so didn't have a chance to look at stock price since a week ago last Friday. Cannot believe that our PE is still under 3. As Chris Berman says on Sunday night pre-game NFL football--Come'on Man,------- 99% of pinks don't even have a pe.
Got these numbers and the paragraph off my TD Ameritrade site. Take a look at the last sentence in the paragraph below the numbers. We are sitting on something special here!! This is not based on hope and anticipation of something good in the future. These are based on current financials.
Price/Earnings (TTM) 3.15x
Actual 30.70x Industry Average
Price/Sales (TTM) 0.27x
Actual 4.23x Industry Average
Price/Book (MRQ) 3.06x
Actual 4.12x Industry Average
PEG Ratio (TTM) --
Actual 2.47x Industry Average
Because FTER is in the Personal Services industry and has positive earnings, the PE and Price to Book ratios are the most appropriate valuation measures. The Price to Sales ratio is less instructive than the PE since the company has positive earnings. Therefore FTER seems valued at a discount with a PE value of 3.1513, one of the lowest in the Personal Services industry.
If our pe were at current industry average, we would be sitting on $1.20 right now. Just a matter of time!!
Truly amazing what is going on or should I say not going on with fter right now. The numbers have not changed--great revenue, profit, and expansion--no dilution--oh my bad--there is one number that has changed--the PE is now 3--that is crazy!! I have stopped trying to figure the market out.
Lars,
Has Paul talked to you about any expansion or financial announcements on the horizon?
Thanks for the heads up on that Joshua. Just checked it out on Facebook. Very impressive. It is quite obvious where Paul's heart is. This is not some fly by night business but a company that is making a difference in the lives of many. Pretty extensive networking going on with that Facebook account as well. I cannot imagine what this company is going to look like 5 years from now.
Good idea. Maybe Lars can talk to Paul about getting that out.
Thanks Lars. People who have been in the stock for a while should not be surpised by this. How many times do we have to say this is not your typical pinkie. This company is not going to lead anyone astray, is not going to try to get anyone's hopes up just so they can get a few more stockholders. I wish I had a dollar for everytime I invested in a company because I believed what they "hoped" would happen in the future in a pr they sent out--ie.
we are in takeover negotiations,
we expect make 100 million in profit this year--
we have just signed or are about to sign a big contract with a Fortune 500 company (unfortunately we canot give the name).
Sound familiar to anyone--I am one of those guys who fell for it. My trust in people's honesty has led me to be burned far too many times. Thankful to finally be in a stock where I can actually believe the pr because it is true and is already a done deal.
What we have here is stock with the upside potential of a pinkie but the honesty of a fully reporting company--I challenge you to find many other stocks with this combination!! But don't take my word for it--do the dd and see for yourself.
My only pink--in fact my only investment after weeks of dd--100% all in and sleep well at night know that the only surprises with this company will be good surprises based on the way Paul runs this company and the transparency he shows--a true model for publically traded companies--Wall Street, are you listening!!
Would they give guidance for the rest of the year or would it be better to ask how things look for the next quarter?
That is true--I have called the headquarters twice now to ask a question about financials and to my surprise, Paul picked up both of those times. He went way beyond answering my questions. He really seems to enjoy contact with his stockholders--Lars, I figure you will have contact with him before I will--I know he is busy and I don't want to bother him with small talk--whereas you do a great job keeping us up with what is going on with the company--much appreciated.
I don't blame you--best deal in the market. I know you have contact with Paul--let him know how appreciative we are of him and the way he runs the business.
The question is "how are we going to wake the market up to this company?" It must be frustrating for Paul who is doing everything he can to grow the company and the profits and expand all while keeping the shareholders' best interest at heart and continue to fly under the radar. I just hope Paul knows how much we appreciate him and all he has done to do this the right way. We have all seen what we could have gotten ourselves into "but by the grace of God" as we see the demise of thrr and spng. Stories like those remind me again to be so thankful for Paul and his integrity as he leads this company.
Agree on all points
Makes sense since it serves as a "safe haven" for a whole lot of people trying to get away from the drug situation they are in to get their lives back together. Probably only fitting that it serves as a safe haven for our money as well.
Lars I think you hit the nail on the head. It's funny though--no one wants to chase but no one wants to be late to the party either--you keep telling us that an announcement is going to be coming out at some point of further expansion-this coming from your conversation with Paul-you would think that people would want to be in before that announcement. And we all know that Paul tends to be very conservative with his comments and PRs.
Looking back at today's rise, it looks like forterus is starting draw some much deserved attention. Numbers like they are producing cannot be held down for long.
Thanks Probart-some of you have been doing this a whole lot longer than I have-isn't that a prety unusual market cap situation we are dealing with. I saw a stock yesterday that had a P/E of 240 and a market cap about 30 times what the annual revenue was. Have we thrown all sense out of investing?
How often do you see a stock selling for under $1 with:
1. An extremely small float--15 million
2. an actual profit and a PE well below the sector average.
3. An excessible CEO who has a conservative approach to expansion.
4. Quarter over quarter revenue growth.
5. A market cap equal to one quarter revenue.
This will not stay under $1 for long--
Hey rj,
I think you need to keep this excellent valuation post of yours near the top of the message board tomorrow morning so all newbies who suddenly discover this stock can see just how undervalued it is. Great job with the numbers!!! (see below)
Vrooom! Lars, it will be an interesting Monday for sure. Thanks for your superb DD. You last post should be tagged at the top. Just outstanding.
Just based on current numbers, with a PE of 4 (ridiculous) and an EPS of .06 annualized, we are looking at a PPS 24 cents. That is if growth remains static and PE remains 3 times below indutry standards.... CRAZY!!
With current industry standard PE of 14 and EPS of .06.... PPS = 84 cents!!! SHAZAAAAAAM!
With growth say to .10 EPS and PE 14; ......$1.40 PPS!
I really did that for me but I understand where you are coming from. My wife is in your camp--not quite ready to get all giddy like I was last night when I saw the numbers for the first time around midnight. She can't figure out why it contines to get little notice. I think it is a combination of not being a glamourous high tech or pharma stock, the fact that there are not 3 zeros after the decimal point as well as the fact that we have a CEO who does not put out a PR everytime someone sneezes at company headquarters. I do believe that all of this is about to change when these numbers hit the wire. You can't ignore numbers like this forever.
Just talked to Paul again this morning. This is the skeptic in me---I am telling you any time I have a concern I will tend to go overboard to make sure that everything is as it should be. I was concerned that these might not be legitimate numbers since it had not hit the wire services yet. He said those are the numbers for this quarter and that it this point you have to go to pinksheets.com in order to see the filing. The wire service will get it after the weekend.
Our patience has paid off guys---and being all in before this announcement was the best thing that ever happened to this poor old school teacher---and the best part is that this looks to be just the beginning!! As I have been saying, our money is in good hands with Paul who takes a conservative approach to expansion, putting his shareholders first. Based on what he is accomplishing, I wonder what this will look like 5 years from now. Sometimes you just know when you have finally found that dream home and you know that it time to settle down. Guys, I am done moving and flipping and all that other stuff that has turned my stomach and made it hard to sleep at night. Thank you again Probart (mate), Lars, rjhstock, Jcon, bondoman, ahdioyoda, veggix etc. And free nebula--I am not one of the big boys but I am playing and staying!! After my talk with Paul last week, he is the real deal--and numbers speak louder than words!!
Veggix--anything in particular in that Reuters Report that caught your attention that we have not mentioned on the board?
One thing you need to know about me is that I am a very hands on investor who probably goes overboard in the dd department--probably because of my teaching background and how careful we teachers need to be with our limited resources. I am sorry for my excitement but I tried making multiple phone calls like this in '09 to a company I had invested in (which will remain nameless--those stockholders have already taken enough of a beating) and not only could I not get the CEO in that particular case, I could not even get anyone to answer the phone--other than an answering machine which would not even allow you to leave a message--not a good sign. I pulled my money out immediately and never looked back and if you saw the chart of that company today you would see that the decision was right. Anyway all that to say that Paul must have heard the surprise in my voice--it caught me a little off guard to say the least--I did expect a secretary but not the Man himself.
Just called the main office in California expecting to get a secretary and got Paul Howarth himself on the line. What a nice guy!! You would think that he would be too busy to talk but gave me several minutes--I was very impressed. I asked him when financials would be coming out and he said around Monday. He will get results around that date and then he will work on the press release. Guys, we have a very accessible transparent CEO here--our money is in good hands.
Truly at bargain basement prices right now. This sale could end any time now--my guess is that the numbers will be released after hours today-they seem to like the 22nd of the month-anybody had a chance to contact the company to find out for sure?