Ann: FKP Appoints Geoff Grady as CEO , page-37

  1. 7,766 Posts.
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    Rambo,

    I remember a while back someone mentioned this company is running by a group of accountants not professionals, now I slowly agree with that.
    Reason? FKP has never never generated cash flow which close enough to justify the so-called NTA about $4. At the end of day if you don't have the return on a reasonable ROE level, then no one know where that NTA figure is from and wont take serious about that.
    No wonder many brokers believe the real NTA is substantially lower.
    I made a mistake believing I have invested in a "cheap" stock, after years of wondering why FKP has been "so cheap for so long" now I understand it is not that cheap.

    I am looking (or hoping)some news to trigger a SP spike, where I can cut my loss and offload all my holdings.
 
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