Fuel Systems Solutions: Could Cramer Be Right This Time?
Trader Mark submits:
One of the better earnings reports this quarter was from one of our old holdings - Fuel Systems Solutions (FSYS). This was a sort of secondary play on the commodity mania we enjoyed in latter 2007 through summer 2008; they make natural gas fuel systems. We dropped the last portion of our position in September 2008 at $46 with a nearly $23K gain (in our old portfolio in Marketocracy.com) Sometimes we forget what sort of times we lived through in September and October 2008 (20% drop in 1 week on the indexes) and again in mid Jan - early March 2009, but the stock fell as low as $10.
It had since rallied back to upper $20s before the earnings report earlier in the month:
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