NASDAQ, AMEX, NYSE Stocks Discuss Spar Spartan Motors Inc. in the Stock Market Forum forums; SPAR just issued an 8-K today and it looks like they initiated a poison pill. I've never been through this so is there any trading consequences from it? ...

Doc Holliday · #1 07-10-2007, 05:07 PM

SPAR just issued an 8-K today and it looks like they initiated a poison pill. I've never been through this so is there any trading consequences from it? They took a small bath today

Doc Holliday · #2 07-12-2007, 03:53 PM

in answer to my question above, apparently not a lot. I was wondering if someone accumulating shares would sell them off, which may still happen. But besides a low RSI, the chart on this one is looking pretty bad but this may be due to their recent 3:2 split and the MACD is trying to turn up. It won't take much to signal an attractive entry point so a good earnings report might turn out pretty good...I think they've been busy this quarter

Quote:

Spartan Motors Announces Webcast of Second Quarter Conference Call on July 26

Press Release Source: Spartan Motors, Inc.

Spartan Motors Announces Webcast of Second Quarter Conference Call on July 26
Thursday July 12, 10:05 am ET
CHARLOTTE, Mich., July 12 /PRNewswire-FirstCall/ -- Spartan Motors, Inc. (Nasdaq: SPAR - News) will announce its second quarter 2007 results prior to the market opening on July 26, 2007. The Company will also host a webcast of its conference call on the same day at 10 a.m. ET to discuss its financial results with analysts and institutional investors:

What: Spartan Motors, Inc. Announces Second Quarter 2007 Results

When: July 26 at 10:00 a.m. ET

Where: www.spartanmotors.com/webcasts.asp

How: Live over the Internet -- Simply log on to the web at the address
above

If you are unable to participate during the live webcast, the call will be archived at http://www.spartanmotors.com.

*edit* it seems they have beat EPS estimates 5 out of the last 6 quarters:

Code:

SYMBOL 	 	PERIOD 	 	EVENT TITLE 	 	 	 	EPS ESTIMATE 	 EPS ACTUAL 	 PREV. YEAR ACTUAL 	 DATE/TIME (ET)
SPAR   	Q2 2007 	Q2 2007 Spartan Motors Earnings Release 	$ 0.22   	n/a  	 	$ 0.17  	26-Jul-07 BMO
SPAR   	Q1 2007 	Q1 2007 Spartan Motors Earnings Release 	$ 0.19  	$ 0.22  	$ 0.15  	1-May-07 BMO
SPAR   	Q4 2006 	Q4 2006 Spartan Motors Earnings Release 	$ 0.11  	$ 0.17  	$ 0.03  	15-Feb-07 BMO
SPAR   	Q3 2006 	Q3 2006 Spartan Motors Earnings Release 	$ 0.17  	$ 0.13  	$ 0.09  	26-Oct-06 BMO
SPAR   	Q2 2006 	Q2 2006 Spartan Motors Earnings Release 	$ 0.11  	$ 0.17  	$ 0.09  	27-Jul-06 BMO
SPAR   	Q1 2006 	Q1 2006 Spartan Motors Earnings Release 	$ 0.07  	$ 0.15  	$ 0.07  	27-Apr-06 BMO

Doc Holliday · #3 07-26-2007, 09:14 AM

Spartan Motors Posts Record Second Quarter Highlighted by 30.5 Percent Net Earnings Gain, Record Backlog
this should jump start 'em

Quote:

CHARLOTTE, Mich., July 26, 2007 /PRNewswire-FirstCall via COMTEX/ -- Spartan Motors, Inc. (SPAR ) reported its best-ever second quarter results marked by a 39.7 percent increase in net sales and a 30.5 percent increase in net earnings for the quarter ended June 30, 2007.

Doc Holliday · #4 07-26-2007, 09:52 AM

...and it's tanking

the estimate of .22 pps was pre 3.2 split meaning that it would have been adjusted to .146 so they beat it...go figure :confused:

**BadThad** · #5 07-26-2007, 10:53 AM

I just can't figure out SPAR and FRPT. The market does some strange things with these companies who's biz is based on gov contracts. They all have millions and millions of dollars of biz lined up for years....but their stocks go down. AAARRGGGGG I'm down so badly on FRPT now, I'll be holding it forever...to bad they don't at least pay some divy's.

Doc Holliday · #6 07-26-2007, 11:23 AM

I'm listening to their webcast earnings conference right now. They just said they are going to Page Ranking a 1mm share buy back later today...with a 27mm float... and they are up huge in all areas. They are also suppling the chassis to BAES for their trucks.
I couldn't help it and had to double down @12.80

**BadThad** · #7 07-26-2007, 12:06 PM

Good Luck!

I think we're going to be holding these for awhile though.

Doc Holliday · #8 07-26-2007, 12:20 PM

I just flipped out of both SPAR and FRPT until these bear runs are over...just couldn't take the pain any longer and hit my 20% limit on both

WashInLux · #9 07-26-2007, 12:23 PM

I'm in @ 12.35. This is crazy! FRPT too!
Added a few more, cost average now 12.25.
I don't really watch Cramer but, saw the "Lightning Round" recap on Yayhoo! and now he doesn't like this. He was such a pumper on this and now, well what's changed? That had to bring some sellers. The short interest is almost 16%.

Doc Holliday · #10 07-26-2007, 01:00 PM

I hope to jump back in at the bottom but I'm not sure this is it. They had a great quarter and conference call but as long as the MMs are going to be printing shares, its not going to move up. I think this might be a new style short squeeze