Something interesting going on with the psychology of investing regarding FYI ...
I would say there are a great many riskier companies out there (some with insane valuations I won't mention) and their time frames to profit no different, longer and even less certain than FYI. So why have retail taken flight so hard here? What I can see now with the Alcoa JV is that we have many more 'known unknowns' (our path to success has been pretty clearly delineated, warts and all) while the riskier companies with higher valuations are fraught with 'unknown unknowns' (investors happy in la la land, and their directors even happier to keep them there)...
See what I'm getting at? Despite the JV absolutely derisking our investment in FYI imo, the sheeple have perceived it in quite the opposite way...
Only 150m MC here now!? The retail market is crazy imo!
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Something interesting going on with the psychology of investing...
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