Spot on 007, I remember doing some calcs about what SP the directors would need in the future and roughly how much EPS the CLO deal would need to provide for it to justify their personal decisions. It proved it was not economically viable.
BUT we dont know how much the CLO relationship has helped, perhaps 30% of their order book now is from contracts linked ot CLO? Maybe they are winning contracts as CLO can support them with labour shortages etc?
Either way good close today, contract was a timely reminder of a booming indusrty and.... it is time I go home and start drinking beer and watching this Dallas v Miami replay, what a game. If anyone needs me I will be at the cas later on...
FGE Price at posting:
$5.40 Sentiment: Buy Disclosure: Held
