Savvy Trades and Investments

[SSKILLZ1]

FTCO

I was a buyer of FTCO in the mid 7.50's today. My opinion has drastically changed on FTCO, because the facts changed for me, when they posted that wildly optimistic q2 production numbers of 14,579, which was waaaaaaaaaaaaaaay better than in q1. I expect expenses to come down in q2, hence I expect earnings to be somewhere in the .25-.30 range for the quarter, and when the market sees that I think it will pop to double digits, so was a buyer today in the 7.50's.

What I like, is I think it sets up as a good with potential to pop on a possible .25-.30 quarter if my estimates are right, although as I always say you never know with earnings.

I'm also gonna get paid over 5.5% while I wait. And the best part is now I feel they are being overly conservative with there guidnace not sure they will post 14500 every quarter but 11000-12000 will easily pay the divy and probably easily post .20 quarter, which makes it cheap.

Time will tell. All is just my opinion, and I could always be wrong though.