fdy may be a good buy

Whilst i'm 99% sure that GWR will not be taken over by the FAS paper scrip offer - I'm thinking FDY is a good fall back position for GWR supporters.

I've bought an equal amount of FDY as insurance - on that 1% off chance that FAs succeeds.

A home fire probably represents a one in 10,000 risk .. but people take out fire insurance.

FDY is probably currently trading at a low p/e of below 4x .. even before the success fees from the FAS offer are included.

with a low market cap .. the success fees from this takeover amount to FDY's market cap !

Just some lateral thinking... but please do your own research.