FPS (pre-restructure) traded at ~10 x PE and ~8% yield for years without anyone noticing. It’s amazing how similar the language is in annual reports. Debt free, positive working capital, positive cash flow, tightly managed expenses, we remain cautious, Fiducian family etc.
The only difference is the numbers are bigger today.
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FPS (pre-restructure) traded at ~10 x PE and ~8% yield for years...
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