Sep. 17 at 3:57 PM
$FLO $6.09
BUYING, IN STAGES
INACTIVE · 68% ready
PA ·PS ·SC ·AR ·ST
PB ·SUPPLY ·weeks
PC ·Spring ·Test
PD ·SOS ·LPS ·HL
PE ·markup
The bottoming process has not begun here. It starts with a capitulation: one wide, heavy week into a new low, the week a decline usually ends on. The weekly tape is 68 percent of the way to one, so this is still an orderly decline rather than a washout.
WHY IT IS INTERESTING
Start with the cash:
$296M of free cash flow in the latest year (up from
$192M five years back), a 22.9% yield on the
$1,292M the market is paying for the whole company.
The books: the Beneish M-score is -2.80, clean and Piotroski scores 7 of 9.
Sizing: 9.0%, a quarter of the calculated maximum. Payoff 2.63 to 1; business-confidence input 54%.
Invalidated if price loses the nearest support at
$5.98 (5Y low, this week's low, 20-day low) on rising volume.
