Actionable news
All posts from Actionable news
Actionable news in FSYS: Fuel Systems Solutions, Inc.,

The Dirt Cheap Value Portfolio: Flourishing In A Floundering Market

Here we go again! Despite a feeble overall market, since our last update, the "DCVP" continues to shine. It rose nearly 3% from $36.72 to $37.37. This is in comparison to a 1% decline in the overall market. The star of the group was Bridgford Foods, hitting a new two-year high, on a dizzying 26% climb, followed by Pep Boys, with a respectable 13% appreciation clip. Luby's also was impressive, tacking on a markup of 5%.

In the losers column, Fuel Systems Solutions, despite announcing it was being acquired, fell 21%, and Coffee Holding Co., Inc saw 9% of its valuation erased. The selloff in JVA, resulted in its shares hitting a new five-year low, presenting a fabulous opportunity for the bargain hunter extraordinaire. The debacle in FSYS's stock, has given it a twelve-year low. The crazy thing is, its operations are almost being priced free, at mere $20 million. The company has a market value of $90 million, but cash of almost $70 million, and no debt. Go figure.

The gang:

Bridgford Foods (NASDAQ:BRID): The shares are simply way overbought - rising too far, in too short of a time frame. Hitting a high of $11.74, was just a few pennies from my $12 price target. As a consequence, the stock will be replaced by another equity, that presents more upside, and less risk. It has certainly been a nice run, but it is definitely time to move on.

Luby's Inc. (NYSE:LUB): Since my last analysis piece, these folks have opened two more restaurants - a company-owned Fuddruckers in Indiana, and a franchise location in Italy. In addition, there were two other new Seeking Alpha articles penned. One full of flattery by the Arc Group (stressing its real estate value) and the other, clearly focused on the bearish side, brought to you by Doyle Publishing.

In my opinion, the bullish article makes a stronger...