Firemans Contractors, Inc. (FRCN)

[livingston78]

Firemans Contractors, Inc. is a full service contracting company, provides commercial painting and parking lot maintenance services in the United States. This kind of company should not be on the stock market IMHO. With $148k in current assets and $1,375m in current liabilities for a current ratio of 0,11, the fundamentals are really weak and make this company insolvent in the short term. They don’t provide enough revenue for they’re expenses and never will because this company has a poor management. Increasing in adjustment to net income show that the situation is just getting worst year after year. The ridiculously low float which you can own it all for less then $110k makes it easy for the insider to manipulate the price. In anyways, with a low trading volume average like that, you just giving your money away because you will never be able to sell your shares. Beware of the high volatility, you could lose all your investment in less then a trading session.