For those who might not have noticed, it seems that the number of shares outstanding has gone down by 5 million. According to S&P there are 60 million shares, but on the company website it is stated that as of Dec. 1 there are 55 million shares outstanding. If you deduct from these shares those held by the top 3 holders of this company (66.6%) you end up with 18.37 million shares available for trading. I am sure that if we deduct another 1.5 million shares held by the 54 employees of the firm along with other big investors who are holding longterm we end up with about 16,870,000 shares available for normal trading.
THIS STOCK CAN ONLY BE MANIPULATED BY SOME OF THESE REMAINING SHAREHOLDERS. ANY PUMPING AND DUMPING THAT HAS TAKEN PLACE CANNOT AFFECT THE LONG TERM PATH WHICH IS DETERMINED BY CONTINUOUS INCREASING SALES AND EARNINGS THAT ARE EXPECTED TO TAKE PLACE FOR EACH OF THE COMING QUARTERS.THIS STOCK HAS NO WAY TO GO BUT UP,UP,UP.....
I AM VERY BULLISH ON FCPG.