Savvy Trades and Investments

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FSI might be worth a look. They announced a merger with Lygos earlier this year. Which may have made sense last year when the markets were booming, but not in 2022. As Lygos is basically a R&D company losing a bunch of money. FSI stock has been sliding since the merger announcement. Well on Friday 9/30 after the close, they called off the merger.

Stock is popping premarket as it should. I think FSI is a steal below $2. They posted excellent Q1 & Q2 numbers, but the stock didn't do much because of the impending Lygos merger. FSI earned .13/share in Q2 on a 31% jump in revenues. According to the CC, there were .02/share in merger expenses. So they would have earned .15/share. The CC also mentioned they have over $7M in tariff rebates...which will be a nice boost to profits when those start hitting. FSI has a solid balance sheet with a chunk of cash & investments. Q1 & Q2 are seasonally their stronger quarters. But I'm guessing FSI would be trading at $3-$4 (even in this lousy market) without the Lygos merger.

Their Q2 earnings report-

https://finance.yahoo.com/news/fsi-announces-second-quarter-2022-201500364.html